Guideline Value for MANDAVELI THIDAL

Mandaveli Thidal guideline value

The current guideline value of Mandaveli Thidal is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Mandaveli Thidal has changed

The guideline value for Mandaveli Thidal has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 310 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 2,000 per sq.ft, but it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024.

Notably, the changes between revisions show a 61% increase from 2003 to 2007, followed by a 300% increase from 2007 to 2012. However, there was a 33% decrease from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Mandaveli Thidal is above this median.

• Manavalan Garden: Rs 1,100 per sq.ft (2024)
• Malleswari Garden: Rs 1,100 per sq.ft (2024)
• Manickam Garden: Rs 1,100 per sq.ft (2024)
• Manimekalai Garden: Rs 1,100 per sq.ft (2024)
• Manthoppu Garden: Rs 2,200 per sq.ft (2024)
• Manthoppu Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mandaveli Thidal

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Mandaveli Thidal?

The Sub Registrar Office that covers Mandaveli Thidal is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Uthandi. It serves as a reference point for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. 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 Mandaveli Thidal?

The current guideline value of Mandaveli Thidal is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 310 per sq.ft in 2003 to the current Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 610% over this period.

What is the land classification for Mandaveli Thidal?

Mandaveli Thidal falls under the Residential Class II Type - I land classification, which is relevant for property transactions and valuations in the area.

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

The Sub Registrar Office for Mandaveli Thidal is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Uthandi?

Stamp duty for properties in Uthandi is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during property registration.