Guideline Value for MANDAPAM STREET

Mandapam Street guideline value

The current guideline value of Mandapam Street, located in SingaperumalKoil village, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Mandapam Street has changed

The guideline value of Mandapam Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. The 2023 revision saw a rise to Rs 1,000 per sq.ft, which then increased to Rs 1,100 per sq.ft in the 2024 revision, representing a 10% change.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. It is important to note that there are no figures available for Mandapam Street in the 2002 and 2003 revisions.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Mandapam Street.

• Mettu Street: Rs 800 per sq.ft (2024)
• M.G.R. Street: Rs 1,100 per sq.ft (2024)
• Kulakarai Street: Rs 800 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kollamettu Street: Rs 1,100 per sq.ft (2024)
• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mandapam Street?

The Sub Registrar Office that covers Mandapam Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering properties in SingaperumalKoil. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value as per government standards.

When buying or selling a property, the guideline value influences the calculation of stamp duty and registration fees, which are mandatory costs incurred during the registration process. Buyers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mandapam Street?

The current guideline value of Mandapam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 340% over the years.

What is the land classification for Mandapam Street?

Mandapam Street is classified as Residential Class I Type - I under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Mandapam Street?

The Sub Registrar Office for Mandapam Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties on Mandapam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft, the total stamp duty would be Rs 77,000.