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Guideline Value

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Guideline Value for Gangaikondan mandappa veethi 169/1,2

₹1100/sq.ft.

The guideline value for Gangaikondan Mandappa Veethi 169/1,2 in Madavilagam village (Poonamallee SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madavilagam

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangaikondan Mandappa Veethi 169/1,2

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Gangaikondan mandappa veethi 169/1,2 guideline value

The current guideline value for Gangaikondan mandappa veethi 169/1,2 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gangaikondan mandappa veethi 169/1,2 has changed

The guideline value for Gangaikondan mandappa veethi 169/1,2 has seen several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which then increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 670 per sq.ft in the 2017 revision. The 2023 revision raised the value to Rs 1,000 per sq.ft, and the latest 2024 revision increased it further to Rs 1,100 per sq.ft. The changes from the previous years include a 300% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Gangaikondan mandappa veethi 169/1,2 matches this median.

Stamp duty and registration fee for property in Gangaikondan mandappa veethi 169/1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gangaikondan mandappa veethi 169/1,2?

The Gangaikondan mandappa veethi 169/1,2 is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Madavilagam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official value assigned to the property. This value is used for calculating the stamp duty and registration fees, which are mandatory for any property transaction in the region.

Frequently asked questions

What is the current guideline value for Gangaikondan mandappa veethi 169/1,2?

The current guideline value for Gangaikondan mandappa veethi 169/1,2 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Gangaikondan mandappa veethi 169/1,2 is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Gangaikondan mandappa veethi 169/1,2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What are the registration fees for properties in this area?

The registration fee for properties in Gangaikondan mandappa veethi 169/1,2 is 2% of the guideline value or sale price, whichever is higher.