Guideline Value for Chinna Mangadu IInd Street

Chinna Mangadu IInd Street guideline value

The current guideline value of Chinna Mangadu IInd Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinna Mangadu IInd Street has changed

In the 2017 revision, the guideline value was Rs 1,139 per sq.ft. This figure increased to Rs 1,700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,870 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which matches the guideline value of Chinna Mangadu IInd Street.

• Chinna Mangadu Ist Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Met Street: Rs 1,870 per sq.ft (2024)
• Chinnappa Nagar: Rs 1,870 per sq.ft (2024)
• Christian Bruel Ground Road: Rs 1,540 per sq.ft (2024)
• Chakra Nagar Part IV: Rs 2,200 per sq.ft (2024)
• Chakra Nagar part I: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Mangadu IInd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty, charged at 7%, would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total charges would be Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Mangadu IInd Street?

Chinna Mangadu IInd Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinna Mangadu IInd Street?

The current guideline value of Chinna Mangadu IInd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 64% during this period.

What are the other streets in Mangadu -A with the same guideline value?

Other streets in Mangadu -A with the same guideline value of Rs 1,870 per sq.ft in 2024 include Chinna Mangadu Ist Street, Chinna Mangadu Met Street, and Chinnappa Nagar.

What are the stamp duty and registration fees for a property in Chinna Mangadu IInd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,70,000, resulting in a stamp duty of Rs 1,30,900 and a registration fee of Rs 37,400, totaling Rs 1,68,300.

Where can I find the Sub Registrar Office for Chinna Mangadu IInd Street?

The Kunrathur Sub Registrar Office covers Chinna Mangadu IInd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.