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Guideline Value

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Guideline Value for MAMARATHU GATE UNION ROAD (PER)

₹990/sq.ft.

The guideline value for Mamarathu Gate Union Road (per) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mamarathu Gate Union Road (per)

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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 Sattamangalam village under the Chengleput Joint II SRO, 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 set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 900 per sq.ft, and the latest revision in 2024 raised it further to Rs 990 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing the 2024 guideline value of Mamarathu Gate Union Road (Per) below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the 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, totaling Rs 89,100. 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 further calculations.

Which Sub Registrar Office covers Mamarathu Gate Union Road (Per)?

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

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

The guideline value is a crucial factor when buying or selling property in Sattamangalam. It serves as a reference point for determining the stamp duty and registration fees applicable during the property transaction process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

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 back to Rs 900 per sq.ft in 2023, and currently stands at Rs 990 per sq.ft as of the 2024 revision.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Mangayarkarasi Street at Rs 1,760 per sq.ft, Manickavasagar Street at Rs 1,320 per sq.ft, and Malar Avenue at Rs 660 per sq.ft, among others.

What fees are associated with buying property on Mamarathu Gate Union Road (Per)?

When purchasing property on Mamarathu Gate Union Road (Per), the buyer must pay stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for Mamarathu Gate Union Road (Per)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Mamarathu Gate Union Road (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.