Guideline Value for MAMARATHU GATE UNION ROAD (PER)

Mamarathu Gate Union Road (Per) guideline value

The current guideline value of Mamarathu Gate Union Road (Per) is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Mamarathu Gate Union Road (Per) has changed

The guideline value for Mamarathu Gate Union Road (Per) has undergone several revisions over the years. The 2012 revision recorded a value of Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 900 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the 2024 guideline value of Mamarathu Gate Union Road (Per).

• Mangayarkarasi Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Manickavasagar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Malar Aveunue (N): Rs 660 per sq.ft (2024)
• Manimegalai Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Main Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Manonmanian Street (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Mamarathu Gate Union Road (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these charges Rs 89,100. It is important to note that 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 Mamarathu Gate Union Road (Per)?

The Sub Registrar Office that covers Mamarathu Gate Union Road (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Mamarathu Gate Union Road (Per)?

The current guideline value of Mamarathu Gate Union Road (Per) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024. Overall, from 2012 to 2024, it has increased by 10%.

What is the land classification for Mamarathu Gate Union Road (Per)?

The land classification for Mamarathu Gate Union Road (Per) is Residential Class I Type - II.

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

The Chengleput Joint II Sub Registrar Office covers Mamarathu Gate Union Road (Per) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in Mamarathu Gate Union Road (Per) 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 current guideline value, the total stamp duty would amount to Rs 69,300.