Guideline Value

Corporate

Guideline Value for SRI MUGAMBIGAI NAGAR

₹485/sq.ft.

The guideline value for Sri Mugambigai Nagar in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 485 per sq.ft, effective 1 July 2024. It was Rs 441 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹485 /sq.ft.
From 1-4-2023 ₹441 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹295 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹440 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹38 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Mugambigai Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Mugambigai Nagar guideline value

The current guideline value of Sri Mugambigai Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Mugambigai Nagar has changed

The guideline value for Sri Mugambigai Nagar has undergone several revisions over the years. The earliest recorded value is from 2002, when it was Rs 38 per sq.ft. By 2007, this value increased significantly to Rs 100 per sq.ft, marking a growth of 163%. In 2012, the value rose to Rs 440 per sq.ft, but saw a decrease of 33% to Rs 295 per sq.ft in 2017. The most recent revisions show a jump to Rs 441 per sq.ft in 2023, followed by another increase to Rs 485 per sq.ft in 2024, which is a 10% rise.

It is important to note that there is no figure available for the year 2003 for this street. Overall, the guideline value has increased by 1176% from 2002 to 2024, reflecting significant changes over the years.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, placing Sri Mugambigai Nagar at the median value.

Stamp duty and registration fee for property in Sri Mugambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value amounts to Rs 4,85,000. The stamp duty, charged at 7%, would be Rs 33,950, and the registration fee at 2% would be Rs 9,700, making the total cost for these fees Rs 43,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Mugambigai Nagar?

The Sub Registrar Office that covers Sri Mugambigai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Vichoor. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Mugambigai Nagar?

The current guideline value of Sri Mugambigai Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 38 per sq.ft in 2002 to Rs 485 per sq.ft in 2024, reflecting an overall increase of 1176% over this period.

What are the stamp duty and registration fees for property in Sri Mugambigai Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,85,000. The stamp duty is Rs 33,950, and the registration fee is Rs 9,700, totaling Rs 43,650 for these fees.

Which office handles registrations for Sri Mugambigai Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for Sri Mugambigai Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used during property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It is compared to the sale price, and the higher value is used to determine the applicable duties and fees.