Guideline Value

Corporate

Guideline Value for MANGALAMBIGAI NAGAR 4th STREET

₹3900/sq.ft.

The guideline value for Mangalambigai Nagar 4th Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mangalambigai Nagar 4th Street

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MANGALAMBIGAI NAGAR 4th STREET guideline value

The current guideline value of MANGALAMBIGAI NAGAR 4th STREET is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of MANGALAMBIGAI NAGAR 4th STREET has changed

Over the years, the guideline value of MANGALAMBIGAI NAGAR 4th STREET has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from Rs 2,345 per sq.ft in 2017. The value remained at Rs 3,500 per sq.ft until the 2023 revision, which increased it to Rs 3,900 per sq.ft, marking an increase of 11%.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, comparing the 2012 revision to the current 2024 figure, there has been an increase of 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. MANGALAMBIGAI NAGAR 4th STREET's current guideline value is above this median.

Stamp duty and registration fee for property in MANGALAMBIGAI NAGAR 4th STREET

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate costs for your property transactions.

Which Sub Registrar Office covers MANGALAMBIGAI NAGAR 4th STREET?

The Sub Registrar Office that covers MANGALAMBIGAI NAGAR 4th STREET 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 Okkiyamthuraipakkam

The guideline value is an important factor in property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will consider the guideline value to assess the applicable fees. Therefore, it is crucial for buyers to be informed about the current guideline values in their respective areas to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of MANGALAMBIGAI NAGAR 4th STREET?

The current guideline value of MANGALAMBIGAI NAGAR 4th STREET is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase of 11% from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. The value has increased by 49% from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the land classification of MANGALAMBIGAI NAGAR 4th STREET?

MANGALAMBIGAI NAGAR 4th STREET is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for MANGALAMBIGAI NAGAR 4th STREET?

The registration office for MANGALAMBIGAI NAGAR 4th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What factors influence the stamp duty and registration fees?

The stamp duty and registration fees are influenced by the guideline value of the property, which is assessed by the authorities at the time of registration. The fees are calculated based on the higher of the guideline value or the sale price of the property.