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Guideline Value

Corporate

Guideline Value for Thai Moogambigai Nagar

₹2640/sq.ft.

The guideline value for Thai Moogambigai Nagar in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Thai Moogambigai Nagar

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Thai Moogambigai Nagar guideline value

The current guideline value of Thai Moogambigai Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Thai Moogambigai Nagar has changed

The guideline value for Thai Moogambigai Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012, marking an increase of 860%. However, in the following revision in 2017, the value decreased to Rs 1,608 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 2,400 per sq.ft, and the latest revision in 2024 raised it to Rs 2,640 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 956%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. The median guideline value is Rs 2,310 per sq.ft, and Thai Moogambigai Nagar's 2024 figure is above this median.

Stamp duty and registration fee for property in Thai Moogambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thai Moogambigai Nagar?

The Sub Registrar Office that covers Thai Moogambigai Nagar is 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

When buying or selling property in Perungalathur, the guideline value is used to calculate the stamp duty and registration fees. This value serves as a reference point for the government to determine the applicable taxes on property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it can affect the overall cost of the transaction. The guideline value is regularly updated, and it is advisable to check the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Thai Moogambigai Nagar?

The current guideline value of Thai Moogambigai Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, reflecting significant increases and a few decreases in between.

What is the registration office for Thai Moogambigai Nagar?

The registration office for Thai Moogambigai Nagar 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?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 26,40,000.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Thai Moogambigai Nagar Extension at Rs 4,290 per sq.ft, Thai Moogambikai Nagar Road at Rs 3,960 per sq.ft, and several others with varying rates.