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Guideline Value

Corporate

Guideline Value for TNHB Mogappair West Block 8

₹8800/sq.ft.

The guideline value for Tnhb Mogappair West Block 8 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 ₹715 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹651 /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 8

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TNHB Mogappair West Block 8 guideline value

The current guideline value of TNHB Mogappair West Block 8 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 West Block 8 has changed

Over the years, the guideline value for TNHB Mogappair West Block 8 has seen significant changes. The earliest recorded figure in the register is from 2002, which was Rs 651 per sq.ft. This value increased to Rs 715 per sq.ft in 2003, marking a 10% rise. Following this, the value surged to Rs 2,000 per sq.ft in 2007, a substantial increase of 180%. The value then continued to rise to Rs 8,000 per sq.ft in 2012, reflecting a 300% increase from the previous revision. However, it dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33% from 2012.

From 2017 to 2023, the guideline value increased significantly to Rs 8,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the value at Rs 8,800 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1252%.

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 8 is above this median.

Stamp duty and registration fee for property in TNHB Mogappair West Block 8

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, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. 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 TNHB Mogappair West Block 8?

The TNHB Mogappair West Block 8 falls under the Konnur Sub Registrar Office, located at 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 is a crucial factor in property transactions in Mugappair. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers during the registration process.

When selling property, the guideline value can influence the sale price, as it reflects the official valuation of the property. Buyers should be aware of the guideline value to ensure they are making informed decisions based on the official rates set by the government.

Frequently asked questions

What is the current guideline value for TNHB Mogappair West Block 8?

The current guideline value for TNHB Mogappair West Block 8 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 from Rs 651 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 1252% over the years.

What is the classification of the land in TNHB Mogappair West Block 8?

The land in TNHB Mogappair West Block 8 is classified as Commercial Class I Type - I.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property in TNHB Mogappair West Block 8?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 at 7%.