Guideline Value for IDREAM MANDRA

Idream Mandra guideline value

The current guideline value for Idream Mandra is Rs 6,000 per sq.ft, effective from 1 July 2024. This area is located in Tondaiarpet village under the Royapuram SRO, classified as Mixed Type - I.

How the guideline value of Idream Mandra has changed

In the 2017 revision, the guideline value was set at Rs 4,020 per sq.ft. This figure increased to Rs 6,000 per sq.ft in the 2023 revision, reflecting a change of +49%. The guideline value remained the same at Rs 6,000 per sq.ft in the 2024 revision, showing no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value increased by +49%.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft in 2024. The median value for these streets is Rs 1,600 per sq.ft, making Idream Mandra's 2024 figure above this median.

• Harinarayanapuram Main Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 5th Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 4th Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 3rd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 2nd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Idream Mandra

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Idream Mandra?

The Idream Mandra area is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When a buyer or seller engages in a transaction, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This process is essential to ensure compliance with local regulations and to protect the interests of both parties involved.

Frequently asked questions

What is the current guideline value for Idream Mandra?

The current guideline value for Idream Mandra is Rs 6,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 4,020 per sq.ft in 2017 to Rs 6,000 per sq.ft in 2023, reflecting a +49% change. The value remained the same in the 2024 revision.

What is the land classification for Idream Mandra?

Idream Mandra is classified as Mixed Type - I under the land classification system.

Where can I find the Sub Registrar Office for Idream Mandra?

The Sub Registrar Office covering Idream Mandra is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Idream Mandra?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 6,000 per sq.ft, the stamp duty would be Rs 4,20,000.