Guideline Value for MANGAIYAR THILAGAM NAGAR

Mangaiyar Thilagam Nagar guideline value

The current guideline value of Mangaiyar Thilagam Nagar is Rs 989 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mangaiyar Thilagam Nagar has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure was then revised to Rs 603 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision saw a significant increase, bringing the value back up to Rs 900 per sq.ft, followed by another increase to Rs 989 per sq.ft in 2024, which is a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are notable, especially the 49% increase from 2017 to 2023, which reflects a significant adjustment in the guideline value for this area.

Guideline values in Thandurai

Thandurai village has a total of 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 guideline value for the village is Rs 988 per sq.ft, placing the 2024 figure for Mangaiyar Thilagam Nagar above this median.

• Mandaveli St: Rs 1,300 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 Mangaiyar Thilagam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 989 per sq.ft, the total guideline value amounts to Rs 9,89,000. The stamp duty at 7% would be Rs 69,230, and the registration fee at 2% would be Rs 19,780, bringing the total cost for these fees to Rs 89,010. It is important to note that 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 details.

Which Sub Registrar Office covers Mangaiyar Thilagam Nagar?

The Sub Registrar Office that covers Mangaiyar Thilagam Nagar 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 plays a crucial role in the property registration process in Thandurai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Proper understanding of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Mangaiyar Thilagam Nagar?

The current guideline value of Mangaiyar Thilagam Nagar is Rs 989 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 989 per sq.ft in 2024.

What is the median guideline value in Thandurai?

The median guideline value in Thandurai is Rs 988 per sq.ft, with Mangaiyar Thilagam Nagar's 2024 figure being slightly above this median.

What are the stamp duty and registration fees for property in Mangaiyar Thilagam Nagar?

For a property valued at Rs 9,89,000, the stamp duty would be Rs 69,230 and the registration fee would be Rs 19,780, totaling Rs 89,010.

Which office handles property registrations in Mangaiyar Thilagam Nagar?

The Avadi Sub Registrar Office handles property registrations for Mangaiyar Thilagam Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.