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Guideline Value

Corporate

Guideline Value for Sri Moogambigai Nagar

₹440/sq.ft.

The guideline value for Sri Moogambigai Nagar in Thundalkazhani village (Padappai 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

Thundalkazhani

Village

Padappai

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 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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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

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Sri Moogambigai Nagar guideline value

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

How the guideline value of Sri Moogambigai Nagar has changed

The guideline value for Sri Moogambigai Nagar has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft. This figure remained until 2017, when it decreased to Rs 268 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 400 per sq.ft in 2023, followed by a further increase to Rs 440 per sq.ft in 2024, which is a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The current value of Rs 440 per sq.ft reflects the latest revision and indicates a notable change over the years.

Guideline values in Thundalkazhani

In Thundalkazhani, there are 10 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Sri Moogambigai Nagar is below this median.

Stamp duty and registration fee for property in Sri Moogambigai Nagar

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

Which Sub Registrar Office covers Sri Moogambigai Nagar?

The Sub Registrar Office that covers Sri Moogambigai Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thundalkazhani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair basis for taxation. It is essential for both parties to understand the implications of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Moogambigai Nagar?

The current guideline value of Sri Moogambigai Nagar 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 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and is now Rs 440 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, with a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Sri Moogambigai Nagar?

The Padappai Sub Registrar Office covers Sri Moogambigai Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value used when buying or selling property?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for taxation and helps ensure compliance with local regulations.