Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for MANGALAMBIGAI NAGAR MAIN ROAD (C.L.METHA SALAI)

₹3900/sq.ft.

The guideline value for Mangalambigai Nagar Main Road (c.l.metha Salai) 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 Main Road (c.l.metha Salai)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Mangalambigai Nagar Main Road (C.L.Metha Salai) guideline value

The current guideline value of Mangalambigai Nagar Main Road (C.L.Metha Salai) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, covered by the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Mangalambigai Nagar Main Road (C.L.Metha Salai) has changed

The guideline value for Mangalambigai Nagar Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and then to Rs 3,900 per sq.ft in 2024, marking an increase of 49% from 2017 to 2023 and an 11% rise from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 11%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2024 revision stands at Rs 3,900 per sq.ft, reflecting the current market conditions.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a guideline value range from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Mangalambigai Nagar Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Mangalambigai Nagar Main Road (C.L.Metha Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total 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, bringing the total fees 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.

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

Which Sub Registrar Office covers Mangalambigai Nagar Main Road (C.L.Metha Salai)?

The Mangalambigai Nagar Main Road (C.L.Metha Salai) falls under the jurisdiction of 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 plays a crucial role in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers and sellers should be aware that the fees are based on the higher of the guideline value or the actual sale price, ensuring compliance with the regulatory framework.

Frequently asked questions

What is the current guideline value of Mangalambigai Nagar Main Road?

The current guideline value of Mangalambigai Nagar Main Road (C.L.Metha Salai) 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. It was Rs 2,345 per sq.ft in 2017, indicating significant changes over the years.

What is the land classification for Mangalambigai Nagar Main Road?

The land classification for Mangalambigai Nagar Main Road (C.L.Metha Salai) is Residential Class I Type - II.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Mangalambigai Nagar Main Road (C.L.Metha Salai), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.