Guideline Value for Gangaikondan Mandapam Street

Gangaikondan Mandapam Street guideline value

The current guideline value of Gangaikondan Mandapam Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Gangaikondan Mandapam Street has changed

The guideline value for Gangaikondan Mandapam Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017. The value then increased to Rs 750 per sq.ft in 2023, and finally, it rose to Rs 825 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value is Rs 935 per sq.ft, placing Gangaikondan Mandapam Street's 2024 figure below that median.

• Gangaikondan Mandapam 1st Street: Rs 825 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 935 per sq.ft (2024)
• Fiva radha road: Rs 1,330 per sq.ft (2024)
• Fiva Radha 1,2nd Street: Rs 1,215 per sq.ft (2024)
• Fisherman Part Nehru Street: Rs 935 per sq.ft (2024)
• Fisherman Colony Sunami Nagar 7th Cross: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaikondan Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangaikondan Mandapam Street?

The Gangaikondan Mandapam Street falls under the Thirukazhukundram Sub Registrar Office located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gangaikondan Mandapam Street?

The current guideline value of Gangaikondan Mandapam Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, including a decrease from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, followed by an increase to Rs 750 per sq.ft in 2023 and Rs 825 per sq.ft in 2024.

What is the land classification for Gangaikondan Mandapam Street?

Gangaikondan Mandapam Street is classified as Residential Class I Type - III.

Where can I find the registration office for Gangaikondan Mandapam Street?

The registration office for Gangaikondan Mandapam Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gangaikondan Mandapam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.