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Guideline Value

Corporate

Guideline Value for TNHB Mogappair East Block 1

₹8800/sq.ft.

The guideline value for Tnhb Mogappair East Block 1 in Mugappair village (Konnur SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹660 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹601 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 Tnhb Mogappair East Block 1

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TNHB Mogappair East Block 1 guideline value

The current guideline value for TNHB Mogappair East Block 1 is Rs 8,800 per sq.ft, effective from 1 July 2024. This property is located in Mugappair village under the Konnur SRO and is classified as Commercial Class I Type - I.

How the guideline value of TNHB Mogappair East Block 1 has changed

The guideline value for TNHB Mogappair East Block 1 has seen several revisions over the years. In 2002, the rate was Rs 601 per sq.ft, which increased to Rs 660 per sq.ft in 2003. Following this, the value surged significantly to Rs 3,000 per sq.ft in 2007, marking a 355% increase from the previous year. The rate then rose to Rs 8,000 per sq.ft in 2012, which was a 167% increase from 2007, but saw a decrease of 33% to Rs 5,360 per sq.ft in 2017. The value then increased to Rs 8,000 per sq.ft in 2023, before reaching the current rate of Rs 8,800 per sq.ft in 2024, reflecting a 10% increase from the previous revision.

Overall, from 2002 to 2024, the guideline value has increased by 1364%. The register has no figures for the years between 2012 and 2017 for this street, indicating that there was no revision recorded during that period.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing TNHB Mogappair East Block 1 above this median.

Stamp duty and registration fee for property in TNHB Mogappair East Block 1

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, the total cost for stamp duty and registration fee would be Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB Mogappair East Block 1?

The TNHB Mogappair East Block 1 falls under the jurisdiction of the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mugappair. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the appropriate fees are calculated correctly based on the higher value, safeguarding the interests of both the buyer and the seller during the transaction.

Frequently asked questions

What is the current guideline value for TNHB Mogappair East Block 1?

The current guideline value for TNHB Mogappair East Block 1 is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 601 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 1364% over the years.

What is the median guideline value in Mugappair?

The median guideline value for the 224 streets in Mugappair is Rs 7,100 per sq.ft, with TNHB Mogappair East Block 1's value being above this median.

What are the stamp duty and registration fees for TNHB Mogappair East Block 1?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 7,92,000, calculated based on the guideline value of Rs 88,00,000.

Where can I find the Sub Registrar Office for TNHB Mogappair East Block 1?

The Konnur Sub Registrar Office, which covers TNHB Mogappair East Block 1, is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.