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Guideline Value

Corporate

Guideline Value for TNHB Mogappair West Block 1

₹8800/sq.ft.

The guideline value for Tnhb Mogappair West 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 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹491 /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 West Block 1

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TNHB Mogappair West Block 1 guideline value

The current guideline value of TNHB Mogappair West Block 1 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 West Block 1 has changed

The guideline value for TNHB Mogappair West Block 1 has seen significant changes over the years. In 2002, the value was Rs 491 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a 43% rise. By 2007, the value had jumped to Rs 2,000 per sq.ft, reflecting a 186% increase. The 2012 revision saw a decrease to Rs 8,000 per sq.ft, a drop of 33%. However, this was followed by a substantial increase to Rs 5,360 per sq.ft in 2017, which was a 49% rise. The value further increased to Rs 8,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 8,800 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1692%. Notably, the register has no figures for the years not mentioned in the revisions.

Guideline values in Mugappair

In Mugappair, 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, with a median value of Rs 7,100 per sq.ft. The guideline value for TNHB Mogappair West Block 1 is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB Mogappair West Block 1?

The TNHB Mogappair West Block 1 falls under the Konnur Sub Registrar Office, located at 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 crucial factor when registering property in Mugappair. It serves as a benchmark for determining the minimum value at which a property can be sold or bought. This value is used to calculate the applicable stamp duty and registration fees during the transaction process.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure compliance with legal requirements. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of TNHB Mogappair West Block 1?

The current guideline value of TNHB Mogappair West 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 491 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 1692% over this period.

What is the land classification for TNHB Mogappair West Block 1?

The land classification for TNHB Mogappair West Block 1 is Commercial Class I Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 7,92,000.

Which office handles registrations for TNHB Mogappair West Block 1?

The Konnur Sub Registrar Office handles registrations for TNHB Mogappair West Block 1, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.