Guideline Value

Corporate

Guideline Value for Sri Moogambigai Nagar Extn

₹2750/sq.ft.

The guideline value for Sri Moogambigai Nagar Extn in Kobarasanallur village (Kunrathur SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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

Kobarasanallur

Village

Kunrathur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1800 /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 Sri Moogambigai Nagar Extn

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Sri Moogambigai Nagar Extn guideline value

The current guideline value of Sri Moogambigai Nagar Extn is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Kobarasanallur village and falls under the Kunrathur SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Sri Moogambigai Nagar Extn has changed

The guideline value for Sri Moogambigai Nagar Extn has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,800 per sq.ft. This was followed by an increase to Rs 2,500 per sq.ft in 2023, marking a 39% rise from the previous figure. The most recent revision in 2024 saw the value rise to Rs 2,750 per sq.ft, which is a 10% increase from 2023. Overall, from 2012 to 2024, the guideline value has increased by 53%.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street, indicating that the guideline value remained unlisted during those revisions.

Guideline values in Kobarasanallur

In Kobarasanallur, there are 28 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Sri Moogambigai Nagar Extn above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty is charged at 7%, totaling Rs 1,92,500, while the registration fee is 2%, amounting to Rs 55,000. Together, these fees amount to Rs 2,47,500. 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 Sri Moogambigai Nagar Extn?

The Sri Moogambigai Nagar Extn falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kobarasanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Moogambigai Nagar Extn?

The current guideline value of Sri Moogambigai Nagar Extn is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024. This represents a total increase of 53% from 2012 to 2024.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,50,000, the stamp duty is Rs 1,92,500 and the registration fee is Rs 55,000, totaling Rs 2,47,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Sri Moogambigai Nagar Extn?

The registration for Sri Moogambigai Nagar Extn is handled by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Moogambigai Nagar Extn?

The land classification for Sri Moogambigai Nagar Extn is Residential Class II Type - I, indicating its suitability for residential development.