Guideline Value

Corporate

Guideline Value for R.G.L. Colony Phase III

₹2970/sq.ft.

The guideline value for R.g.l. Colony Phase Iii in Mogalivakkam village (Kunrathur SRO, Chennai zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mogalivakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on R.g.l. Colony Phase Iii

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R.G.L. Colony Phase III guideline value

The current guideline value of R.G.L. Colony Phase III is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of R.G.L. Colony Phase III has changed

The guideline value for R.G.L. Colony Phase III has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which decreased to Rs 1,809 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 49%, bringing the value back up to Rs 2,700 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,970 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no registered figures for R.G.L. Colony Phase III for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, indicating a return to the 2012 level after fluctuations in the intervening years.

Guideline values in Mogalivakkam

Mogalivakkam village has a total of 98 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, which is the same as the current value for R.G.L. Colony Phase III.

Stamp duty and registration fee for property in R.G.L. Colony Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total cost for these fees to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.G.L. Colony Phase III?

The R.G.L. Colony Phase III falls under the jurisdiction of the Kunrathur Sub Registrar Office. The office is located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mogalivakkam

The guideline value plays a crucial role in the registration process of property transactions in Mogalivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures transparency and fairness in property transactions, reflecting the value of the property as recognized by the state.

Frequently asked questions

What is the current guideline value of R.G.L. Colony Phase III?

The current guideline value of R.G.L. Colony Phase III is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,970 per sq.ft in 2024, a 10% increase. It was Rs 1,809 per sq.ft in 2017, which was a significant increase from Rs 2,700 per sq.ft in 2012.

What are the other streets in Mogalivakkam with similar guideline values?

Other streets in Mogalivakkam, such as Sabari Nagar and Sahaj Enclave, also have a guideline value of Rs 2,970 per sq.ft for 2024, while Sahaj Enclave Extension has a higher value of Rs 3,400 per sq.ft.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in R.G.L. Colony Phase III?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900.