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Guideline Value

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Guideline Value for MANGALIAMMAN NAGAR 1 TO 4 STREETS

₹2530/sq.ft.

The guideline value for Mangaliamman Nagar 1 To 4 Streets in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mangaliamman Nagar 1 To 4 Streets

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Mangaliamman Nagar 1 To 4 Streets guideline value

The current guideline value for Mangaliamman Nagar 1 To 4 Streets is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village and falls under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Mangaliamman Nagar 1 To 4 Streets has changed

Over the years, the guideline value for Mangaliamman Nagar 1 To 4 Streets has seen several revisions. The 2012 revision set the value at Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased to Rs 2,000 per sq.ft in the 2023 revision, reflecting a rise of 30%. The most recent revision in 2024 has further increased the guideline value to Rs 2,530 per sq.ft, which is a 27% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing the guideline value for Mangaliamman Nagar 1 To 4 Streets below this median.

Stamp duty and registration fee for property in Mangaliamman Nagar 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, together amounting to Rs 2,27,700. 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 for more specific calculations.

Which Sub Registrar Office covers Mangaliamman Nagar 1 To 4 Streets?

The Sub Registrar Office that covers Mangaliamman Nagar 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is an essential factor during the registration of property transactions in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Mangaliamman Nagar 1 To 4 Streets?

The current guideline value for Mangaliamman Nagar 1 To 4 Streets is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the stamp duty for property in Mangaliamman Nagar 1 To 4 Streets?

The stamp duty for property in Mangaliamman Nagar 1 To 4 Streets is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Mangaliamman Nagar 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Mangaliamman Nagar 1 To 4 Streets?

The land classification for Mangaliamman Nagar 1 To 4 Streets is Residential Class I Type - II.