Guideline Value for MANGALA VINAYAGAR KOIL 1 TO 6 STREETS

Mangala Vinayagar Koil 1 To 6 Streets guideline value

The current guideline value for Mangala Vinayagar Koil 1 To 6 Streets is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village under the Pallavaram SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Mangala Vinayagar Koil 1 To 6 Streets has changed

Over the years, the guideline value for Mangala Vinayagar Koil 1 To 6 Streets has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in 2017. The next revision in 2023 increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft. The changes from 2012 to 2017 reflect a decrease of 33%, while the increase from 2017 to 2023 was 24%. The value rose by 32% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam village, there are 74 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,940 per sq.ft, positioning Mangala Vinayagar Koil 1 To 6 Streets below this median.

• Mangala Vinayagar Koil Street: Rs 1,320 per sq.ft (2024)
• Mangala Vinayakar Kiol Street: Rs 1,320 per sq.ft (2024)
• Madras Dock Labour Colony: Rs 2,200 per sq.ft (2024)
• M.G.R.Nagar: Rs 1,100 per sq.ft (2024)
• Lakshmanan Nagar Highway Salai: Rs 1,940 per sq.ft (2024)
• Lakshmanan Nagar 1 To 10 Streets: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mangala Vinayagar Koil 1 To 6 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mangala Vinayagar Koil 1 To 6 Streets?

The Sub Registrar Office that covers Mangala Vinayagar Koil 1 To 6 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Mangala Vinayagar Koil 1 To 6 Streets?

The current guideline value for Mangala Vinayagar Koil 1 To 6 Streets is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 32% rise.

What is the land classification for Mangala Vinayagar Koil 1 To 6 Streets?

The land classification for Mangala Vinayagar Koil 1 To 6 Streets is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mangala Vinayagar Koil 1 To 6 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.