Guideline Value for MANDAPAM ROAD

Mandapam Road guideline value

The current guideline value of Mandapam Road is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Mandapam Road has changed

The guideline value for Mandapam Road has seen significant changes over the years. The 2017 revision set the value at Rs 469 per sq.ft, which was then increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 raised the value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which aligns with the current figure for Mandapam Road.

• Mandapam Street & Road: Rs 440 per sq.ft (2024)
• Mangala Garden: Rs 750 per sq.ft (2024)
• Mahasakthi Nagar & Streets & Extn: Rs 750 per sq.ft (2024)
• Mahasakthi Nagar & Streets: Rs 750 per sq.ft (2024)
• Mahalakshmi Nagar & Streets: Rs 750 per sq.ft (2024)
• Mcb Madura Phase - I: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Mandapam Road

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mandapam Road?

The Sub Registrar Office covering Mandapam Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A. It serves as the base for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the registration process reflects the market conditions and provides a fair basis for taxation.

Frequently asked questions

What is the current guideline value of Mandapam Road?

The current guideline value of Mandapam Road is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, which is a total increase of 60% over that period.

What is the registration office for Mandapam Road?

The registration office for Mandapam Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for a property on Mandapam Road?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Are there other streets with similar guideline values in Thiruninravur-A?

Yes, several other streets in Thiruninravur-A have similar guideline values, with some streets like Mangala Garden and Mahasakthi Nagar & Streets listed at Rs 750 per sq.ft as well.