Guideline Value for Thai Moogambikai Nagar Road

Thai Moogambikai Nagar Road guideline value

The current guideline value of Thai Moogambikai Nagar Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village under the Padappai SRO and is classified as Commercial Class I Type - I.

How the guideline value of Thai Moogambikai Nagar Road has changed

The guideline value for Thai Moogambikai Nagar Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,960 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 3,600 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The 2024 revision marks a significant update, reflecting the current market conditions for properties in the area.

Guideline values in Perungalathur

Perungalathur village has a total of 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,310 per sq.ft, placing Thai Moogambikai Nagar Road's 2024 figure above this median.

• Thai Moogambigai Nagar Extension: Rs 4,290 per sq.ft (2024)
• Thai Moogambigai Nagar: Rs 2,640 per sq.ft (2024)
• Thangamani Nagar: Rs 3,960 per sq.ft (2024)
• Thangaraj Nagar: Rs 2,310 per sq.ft (2024)
• Thangaraj Nagar Extension: Rs 2,310 per sq.ft (2024)
• Thayumanavar Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Thai Moogambikai Nagar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Thai Moogambikai Nagar Road?

The Sub Registrar Office that covers Thai Moogambikai Nagar Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected based on the value of the property. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thai Moogambikai Nagar Road?

The current guideline value of Thai Moogambikai Nagar Road is Rs 3,960 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Thai Moogambikai Nagar Road?

Thai Moogambikai Nagar Road is classified as Commercial Class I Type - I.

Where can I find the registration office for properties in this area?

The registration office for properties in Thai Moogambikai Nagar Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It serves as a benchmark for the value of the property and ensures compliance with local regulations during registration.