Guideline Value for MANDAVELI ST

Mandaveli St guideline value

The current guideline value of Mandaveli St in Thandurai village, under the Avadi SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Mandaveli St has changed

The guideline value for Mandaveli St has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 1,200 per sq.ft. This value remained until the next revision in 2017, where it decreased significantly to Rs 804 per sq.ft. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and most recently, it has risen to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, where there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Mandaveli St's 2024 figure above this median.

• Mangaiyar Thilagam Nagar: Rs 989 per sq.ft (2024)
• Mangulam: Rs 800 per sq.ft (2024)
• Mahatma Gandhi Road: Rs 988 per sq.ft (2024)
• Mariyamman Koil St (Bakthavachalm Nagar): Rs 988 per sq.ft (2024)
• Mariyamman Koil Street (Back Side): Rs 988 per sq.ft (2024)
• Mariyamman Koil St (West): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Mandaveli St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mandaveli St?

The Sub Registrar Office that covers Mandaveli St 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 Thandurai

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to determine the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mandaveli St?

The current guideline value of Mandaveli St is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, and it was Rs 804 per sq.ft in 2017. It was Rs 1,200 per sq.ft in 2012.

What is the land classification for Mandaveli St?

Mandaveli St is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. An example for a 1,000 sq.ft plot shows total fees of Rs 1,17,000.

Where can I find the Sub Registrar Office for Mandaveli St?

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