Guideline Value for East Street Mangalam

East Street Mangalam guideline value

The current guideline value of East Street Mangalam is Rs 600 per sq.ft. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of East Street Mangalam has changed

The guideline value for East Street Mangalam has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 600 per sq.ft, the same figure as in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from 2017 to the current value in 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of East Street Mangalam is equal to this median.

• East Street Kanakoilpettai: Rs 600 per sq.ft (2024)
• Dr.Ambedkar Street: Rs 600 per sq.ft (2024)
• Dharmarajakoil Street: Rs 600 per sq.ft (2024)
• Cross Street (Vanniar): Rs 700 per sq.ft (2024)
• Cpt Salai: Rs 1,005 per sq.ft (2024)
• Gandhi Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in East Street Mangalam

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers East Street Mangalam?

The Sub Registrar Office that covers East Street Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions within Thirukalukundrem A. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value, as it directly impacts the costs associated with property registration. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of East Street Mangalam?

The current guideline value of East Street Mangalam is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 600 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for East Street Mangalam?

East Street Mangalam is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for East Street Mangalam?

The Sub Registrar Office for East Street Mangalam is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more details online.

How is stamp duty calculated for properties in East Street Mangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 42,000.