Guideline Value for MANGALAMBIGA NAGAR

Mangalambiga Nagar guideline value

The current guideline value of Mangalambiga Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Puthumavilingai village and falls under the Perambakkam SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Mangalambiga Nagar has changed

According to the guideline value register, there are no figures available for Mangalambiga Nagar for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 200 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 200 per sq.ft. This indicates that there has been no percentage change from 2023 to 2024.

Overall, the guideline value for Mangalambiga Nagar has remained consistent at Rs 200 per sq.ft since the 2023 revision. This stability reflects the current valuation as per the latest updates from the Registration Department.

Guideline values in Puthumavilingai

In Puthumavilingai village, there are four streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 276 per sq.ft, placing Mangalambiga Nagar below this median.

• Sri Vaaru Nagar: Rs 201 per sq.ft (2024)
• Akash Avenue: Rs 350 per sq.ft (2024)
• Sri Golden Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalambiga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mangalambiga Nagar?

The Sub Registrar Office that covers Mangalambiga Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthumavilingai. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official valuation set by the Registration Department. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Mangalambiga Nagar?

The current guideline value of Mangalambiga Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mangalambiga Nagar has remained at Rs 200 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Mangalambiga Nagar?

Mangalambiga Nagar is classified as Residential Class II Type - III according to the land classification guidelines.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 18,000, based on the current guideline value of Rs 200 per sq.ft.

Where is the Sub Registrar Office for Mangalambiga Nagar located?

The Sub Registrar Office for Mangalambiga Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.