Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Moogambigai Nagar Annex

₹440/sq.ft.

The guideline value for Sri Moogambigai Nagar Annex in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Moogambigai Nagar Annex

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 Moogambigai Nagar Annex guideline value

The current guideline value of Sri Moogambigai Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Moogambigai Nagar Annex has changed

The guideline value for Sri Moogambigai Nagar Annex has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, it dropped to Rs 268 per sq.ft in 2017, which was a decrease of 33%. The value then increased significantly to Rs 400 per sq.ft in 2023, representing a 49% increase, and finally reached Rs 440 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Sothupakkam

Sothupakkam village has a total of 49 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 1,150 per sq.ft. The median value for these streets is Rs 440 per sq.ft, which is equal to the current guideline value for Sri Moogambigai Nagar Annex.

Stamp duty and registration fee for property in Sri Moogambigai Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Moogambigai Nagar Annex?

The Sub Registrar Office that covers Sri Moogambigai Nagar Annex is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sothupakkam. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value is used to ascertain the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the registration department.

Frequently asked questions

What is the current guideline value for Sri Moogambigai Nagar Annex?

The current guideline value for Sri Moogambigai Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting a total increase of 120% over the years.

What is the land classification for Sri Moogambigai Nagar Annex?

Sri Moogambigai Nagar Annex is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Moogambigai Nagar Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.