Guideline Value for TNHB Mogappair East Block 4

TNHB Mogappair East Block 4 guideline value

The current guideline value of TNHB Mogappair East Block 4 is Rs 8,800 per sq.ft, effective from 1 July 2024. This property is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of TNHB Mogappair East Block 4 has changed

The guideline value for TNHB Mogappair East Block 4 has seen significant changes over the years. In 2002, the guideline value was Rs 601 per sq.ft. This increased to Rs 660 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 2,000 per sq.ft, reflecting a 203% increase. The next revision in 2012 saw the value drop to Rs 8,000 per sq.ft, a decrease of 300% from the previous year.

From 2012 to 2017, the guideline value decreased to Rs 5,360 per sq.ft, a drop of 33%. However, from 2017 to 2023, it rose significantly to Rs 8,000 per sq.ft, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, a 10% increase from the previous year.

Guideline values in Mugappair

In Mugappair village, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing TNHB Mogappair East Block 4 above that median.

• TNHB Mogappair East Block 3: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair East Block 5: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair East Block 2: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair East Block 6: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair East Block 12: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair West Block 1: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB Mogappair East Block 4

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB Mogappair East Block 4?

The TNHB Mogappair East Block 4 is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mugappair. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the government and is updated periodically to reflect the market conditions.

When you register a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for TNHB Mogappair East Block 4?

The current guideline value for TNHB Mogappair East Block 4 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 changed significantly, with the most recent revision in 2024 showing an increase from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft. The value has increased from Rs 601 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 1364%.

What are the stamp duty and registration fees for TNHB Mogappair East Block 4?

The stamp duty for a property in TNHB Mogappair East Block 4 is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 7,92,000 based on the current guideline value.

Which office handles the registration for TNHB Mogappair East Block 4?

The Konnur Sub Registrar Office handles the registration for TNHB Mogappair East Block 4. It is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for TNHB Mogappair East Block 4?

The land classification for TNHB Mogappair East Block 4 is Commercial Class I Type - I. This classification is important for understanding the permissible uses of the property in this area.