Guideline Value

Corporate

Guideline Value for MANGALAMBIGAI NAGAR 5th STREET

₹3900/sq.ft.

The guideline value for Mangalambigai Nagar 5th 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 5th Street

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MANGALAMBIGAI NAGAR 5th STREET guideline value

The current guideline value of MANGALAMBIGAI NAGAR 5th 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 falls under the Residential Class I Type - II land classification.

How the guideline value of MANGALAMBIGAI NAGAR 5th STREET has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This figure saw a significant decrease in the 2017 revision, dropping to Rs 2,345 per sq.ft, which represents a decline of 33%. However, from 2017 to 2023, the value increased sharply by 49%, reaching Rs 3,500 per sq.ft. The latest revision in 2024 has further increased this value to Rs 3,900 per sq.ft, marking an 11% rise from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 11%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing MANGALAMBIGAI NAGAR 5th STREET above this median at Rs 3,900 per sq.ft.

Stamp duty and registration fee for property in MANGALAMBIGAI NAGAR 5th STREET

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

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

Which Sub Registrar Office covers MANGALAMBIGAI NAGAR 5th STREET?

The MANGALAMBIGAI NAGAR 5th STREET falls under 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 a critical factor in property transactions in Okkiyamthuraipakkam, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate the applicable stamp duty and registration fees during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures that the transaction is conducted in compliance with legal requirements. This helps in avoiding any potential disputes regarding property valuation during the registration process.

Frequently asked questions

What is the current guideline value of MANGALAMBIGAI NAGAR 5th STREET?

The current guideline value of MANGALAMBIGAI NAGAR 5th 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 changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an increase of 11%. It was Rs 2,345 per sq.ft in 2017, which was a decrease from Rs 3,500 per sq.ft in 2012.

What is the land classification for MANGALAMBIGAI NAGAR 5th STREET?

MANGALAMBIGAI NAGAR 5th 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 5th STREET?

The registration office covering MANGALAMBIGAI NAGAR 5th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Okkiyamthuraipakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.