Guideline Value for MANGALAM KEZHAR STREET

Mangalam Kezhar Street guideline value

The current guideline value of Mangalam Kezhar Street is Rs 250 per sq.ft. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Mangalam Kezhar Street has changed

The guideline value for Mangalam Kezhar Street has seen several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which was then increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Mangalam Kezhar Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the guideline value of Mangalam Kezhar Street.

• Malepothatur Reddy Street: Rs 126 per sq.ft (2024)
• Madam Street: Rs 202 per sq.ft (2024)
• Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 202 per sq.ft (2024)
• Kudiyanavar Street: Rs 250 per sq.ft (2024)
• Krishna Nandhar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalam Kezhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangalam Kezhar Street?

The Sub Registrar Office that covers Mangalam Kezhar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with the local regulations. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mangalam Kezhar Street?

The current guideline value of Mangalam Kezhar Street is Rs 250 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, and it remained the same in 2024. Overall, there has been a 50% increase from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

What is the classification of land on Mangalam Kezhar Street?

Mangalam Kezhar Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Which office should I visit for property registration in Podaturpet?

The Pallipattu Sub Registrar Office is responsible for property registrations in Podaturpet. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.