Guideline Value for MAMBALAM HIGH ROAD

Mambalam High Road guideline value

The current guideline value of Mambalam High Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mambalam High Road has changed

The guideline value for Mambalam High Road has seen significant changes over the years. In 2002, the value was Rs 1,163 per sq.ft, which increased to Rs 1,291 per sq.ft in 2003, marking an 11% rise. The value then jumped to Rs 2,000 per sq.ft in 2007, reflecting a 55% increase. By 2012, the value reached Rs 10,000 per sq.ft, resulting in a substantial 400% increase from the previous revision. However, it decreased to Rs 6,700 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 10,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 saw the value increase to Rs 11,000 per sq.ft, a 10% rise from the previous year. Notably, there are no figures available for the years not mentioned in this register for Mambalam High Road.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, which is the same as the current value for Mambalam High Road.

• Maloney Road: Rs 11,000 per sq.ft (2024)
• Malligai Nagar (M.T.B.Scheme): Rs 4,400 per sq.ft (2024)
• Mangesh Street: Rs 13,200 per sq.ft (2024)
• Mannar Reddy Street: Rs 7,700 per sq.ft (2024)
• Manokaran Street: Rs 7,700 per sq.ft (2024)
• Mahalakhsmi Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Mambalam High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total cost Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mambalam High Road?

The Sub Registrar Office that covers Mambalam High Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tnagar. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mambalam High Road?

The current guideline value of Mambalam High Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mambalam High Road has increased from Rs 1,163 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, representing an overall increase of 846%.

What is the median guideline value for streets in Tnagar?

The median guideline value for the 262 streets in Tnagar under the Thiyagaraya nagar SRO is Rs 11,000 per sq.ft, which is the same as the current value for Mambalam High Road.

What are the stamp duty and registration fees for property in Mambalam High Road?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Where is the Sub Registrar Office for Mambalam High Road located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.