Guideline Value for Chinna Mangadu Ist Street

Chinna Mangadu Ist Street guideline value

The current guideline value of Chinna Mangadu Ist 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, classified as Residential Class I Type - I.

How the guideline value of Chinna Mangadu Ist Street has changed

Over the years, the guideline value for Chinna Mangadu Ist Street has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further increased the value to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Mangadu -A

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

• Chinna Mangadu IInd 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 Ist 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 at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total amount to Rs 1,68,300. Duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinna Mangadu Ist Street?

The Chinna Mangadu Ist Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government regulations.

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 appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024. This represents a total increase of 64% over the seven-year period.

What are the other streets in Mangadu -A with similar guideline values?

Other streets in Mangadu -A, such as Chinna Mangadu IInd Street, Chinna Mangadu Met Street, and Chinnappa Nagar, also have a guideline value of Rs 1,870 per sq.ft for 2024.

What fees are associated with buying property in Chinna Mangadu Ist Street?

When purchasing property in Chinna Mangadu Ist Street, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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