Guideline Value for MANDAPAM ROAD

Mandapam Road guideline value

The current guideline value of Mandapam Road is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class II Type - III land classification.

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 recorded a value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. 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-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Mandapam Road.

• Mandapam Street & Road: Rs 440 per sq.ft (2024)
• Mangala Garden: Rs 770 per sq.ft (2024)
• Mahasakthi Nagar & Streets & Extn: Rs 770 per sq.ft (2024)
• Mahasakthi Nagar & Streets: Rs 770 per sq.ft (2024)
• Mahalakshmi Nagar & Streets: Rs 770 per sq.ft (2024)
• Mcb Madura Phase - I: Rs 768 per sq.ft (2024)

Stamp duty and registration fee for property in Mandapam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mandapam Road?

The Sub Registrar Office that covers 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mandapam Road?

The current guideline value of Mandapam Road is Rs 770 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 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft, which is equal to the current guideline value of Mandapam Road.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300 for these fees.

Where is the Sub Registrar Office for Mandapam Road located?

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