Guideline Value for MANDABA STREET

Mandaba Street guideline value

The current guideline value of Mandaba Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Mandaba Street has changed

The guideline value for Mandaba Street has seen several revisions over the years. Starting from Rs 275 per sq.ft in 2003, it increased to Rs 545 per sq.ft in 2007, marking a significant rise of 98%. The value then jumped to Rs 1,500 per sq.ft in 2012, reflecting an increase of 175%. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value continued to rise to Rs 1,500 per sq.ft in 2023, and finally reached Rs 1,650 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no figure available for Mandaba Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 500%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Mandaba Street's 2024 guideline value is above this median.

• Mandu Kanneswarar Koil Street: Rs 1,320 per sq.ft (2024)
• Mathanam Palayam Street: Rs 880 per sq.ft (2024)
• Madam Street: Rs 2,200 per sq.ft (2024)
• Lingappan Palayam Street: Rs 880 per sq.ft (2024)
• Krishnan Street: Rs 1,100 per sq.ft (2024)
• Kavalan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mandaba Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that 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 Mandaba Street?

The Sub Registrar Office that covers Mandaba Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process for property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mandaba Street?

The current guideline value of Mandaba Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 275 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 500% over the years.

What is the registration office for Mandaba Street?

The registration office covering Mandaba Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the other streets in KANCHIPURAM TOWN 3rd DIVISION?

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Mandu Kanneswarar Koil Street, Mathanam Palayam Street, Madam Street, Lingappan Palayam Street, Krishnan Street, and Kavalan Street, with varying guideline values.

How is stamp duty calculated for properties in Mandaba Street?

Stamp duty for properties in Mandaba Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.