Guideline Value for MAMBAKKAM GURUKULAM

Mambakkam Gurukulam guideline value

The current guideline value of Mambakkam Gurukulam is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Mambakkam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mambakkam Gurukulam has changed

The guideline value for Mambakkam Gurukulam has seen several revisions over the years. The earliest recorded value was Rs 60 per sq.ft in 2007, which increased significantly to Rs 300 per sq.ft in 2012. However, this figure dropped to Rs 201 per sq.ft in 2017. The next revision in 2023 saw a rise to Rs 300 per sq.ft, and the most recent revision in 2024 has increased the guideline value to Rs 330 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Mambakkam

In Mambakkam village, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft, with the median being Rs 330 per sq.ft. Mambakkam Gurukulam's 2024 figure is equal to this median.

• Mambakkam Bajanaikoil Street: Rs 330 per sq.ft (2024)
• Mambakkam Kattu Colony: Rs 330 per sq.ft (2024)
• Mariamman Koil Street,Kulakkarai: Rs 330 per sq.ft (2024)
• New Mambakkam Bajanai Koil Street: Rs 330 per sq.ft (2024)
• New Mambakkam Brammanar Street: Rs 330 per sq.ft (2024)
• New Mambakkam Sunambedu Road: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Mambakkam Gurukulam

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Please 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 information.

Which Sub Registrar Office covers Mambakkam Gurukulam?

The Mambakkam Gurukulam area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mambakkam. It is used to calculate the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures compliance with legal requirements and helps in determining the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Mambakkam Gurukulam?

The current guideline value of Mambakkam Gurukulam is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking a significant increase of 450% overall during this period.

What are the other streets in Mambakkam with the same guideline value?

Other streets in Mambakkam with a guideline value of Rs 330 per sq.ft in 2024 include Mambakkam Bajanaikoil Street, Mambakkam Kattu Colony, Mariamman Koil Street, New Mambakkam Bajanai Koil Street, and New Mambakkam Brammanar Street.

What is the stamp duty rate for property in Mambakkam Gurukulam?

The stamp duty rate for property in Mambakkam Gurukulam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mambakkam Gurukulam?

The Madurandakam Sub Registrar Office covers Mambakkam Gurukulam, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.