Guideline Value for THAI MOOGAMBIGAI NAGAR EXTENSION

Thai Moogambigai Nagar Extension guideline value

The current guideline value of Thai Moogambigai Nagar Extension is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, classified as Industries Type - I.

How the guideline value of Thai Moogambigai Nagar Extension has changed

The guideline value for Thai Moogambigai Nagar Extension has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 3,900 per sq.ft. The recent 2024 revision has increased this value to Rs 4,290 per sq.ft, marking a change of 10% from the previous year.

Thus, the guideline value has increased from Rs 3,900 per sq.ft in 2023 to Rs 4,290 per sq.ft in 2024. This increase reflects the adjustments made in the valuation of properties in the area.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Thai Moogambigai Nagar Extension's 2024 figure is above this median.

• Thai Moogambikai Nagar Road: Rs 3,960 per sq.ft (2024)
• Thai Moogambigai Nagar: Rs 2,640 per sq.ft (2024)
• Thangamani Nagar: Rs 3,960 per sq.ft (2024)
• Thangaraj Nagar: Rs 2,310 per sq.ft (2024)
• Thangaraj Nagar Extension: Rs 2,310 per sq.ft (2024)
• Thayumanavar Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Thai Moogambigai Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 4,290 per sq.ft, the guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thai Moogambigai Nagar Extension?

The Thai Moogambigai Nagar Extension falls under the jurisdiction of 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 Perungalathur

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. 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 used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This value is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thai Moogambigai Nagar Extension?

The current guideline value of Thai Moogambigai Nagar Extension is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2023 to Rs 4,290 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thai Moogambigai Nagar Extension?

Thai Moogambigai Nagar Extension is classified as Industries Type - I. This classification can affect the types of developments allowed in the area.

Where can I find the Sub Registrar Office for Thai Moogambigai Nagar Extension?

The Sub Registrar Office covering Thai Moogambigai Nagar Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Thai Moogambigai Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees amount to Rs 3,86,100.