Guideline Value

Corporate

Guideline Value for MANDAPAM STREET & ROAD

₹440/sq.ft.

The guideline value for Mandapam Street & Road in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mandapam Street & Road

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Mandapam Street & Road guideline value

The current guideline value of Mandapam Street & Road is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Mandapam Street & Road has changed

The guideline value for Mandapam Street & Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value rose by 64%.

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, with the median being Rs 770 per sq.ft. Mandapam Street & Road's 2024 figure of Rs 440 per sq.ft is below this median.

Stamp duty and registration fee for property in Mandapam Street & Road

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mandapam Street & Road?

The Sub Registrar Office that covers Mandapam Street & 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 that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mandapam Street & Road?

The current guideline value of Mandapam Street & Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. The overall increase from 2017 to 2024 is 64%.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600, based on the current guideline value of Rs 4,40,000.

Which office handles registrations for Mandapam Street & Road?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the correct amount is collected based on either the guideline value or the sale price, whichever is higher.