Guideline Value

Corporate

Guideline Value for MAMBAKKAM KATTU COLONY

₹330/sq.ft.

The guideline value for Mambakkam Kattu Colony in Mambakkam village (Madurandakam SRO, Chengalpattu zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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:

Chengalpattu

Zone

Mambakkam

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹30 /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.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[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 Mambakkam Kattu Colony

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Mambakkam Kattu Colony guideline value

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

How the guideline value of Mambakkam Kattu Colony has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 30 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, representing a 900% increase. However, the value dropped to Rs 201 per sq.ft in 2017, marking a decrease of 33%. The next revision in 2023 saw the value rise to Rs 300 per sq.ft, and with the latest revision in 2024, it has increased to Rs 330 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 1000%. It is worth noting that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Mambakkam

In Mambakkam village, there are 26 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft. The median guideline value is Rs 330 per sq.ft, which is the same as the current value for Mambakkam Kattu Colony.

Stamp duty and registration fee for property in Mambakkam Kattu Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total 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, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mambakkam Kattu Colony?

The Mambakkam Kattu Colony falls under 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value helps ensure that the transaction is conducted at a fair price, and it aids in the assessment of taxes owed to the government. Therefore, understanding the guideline value is essential for buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Mambakkam Kattu Colony?

The current guideline value of Mambakkam Kattu Colony 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 30 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1000% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 29,700.

Which office handles registrations for Mambakkam Kattu Colony?

The Madurandakam Sub Registrar Office handles registrations for Mambakkam Kattu Colony, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair price and helps assess the taxes owed to the government.