Guideline Value for MANGALYA CITY

Mangalya City guideline value

The current guideline value of Mangalya City, located in Cheranancheri village, is Rs 2,400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification. The area is registered under the Avadi Sub Registrar Office (SRO).

How the guideline value of Mangalya City has changed

In the 2024 revision, the guideline value for Mangalya City is set at Rs 2,400 per sq.ft. The register has no figures for this street in the revisions of 2023, 2017, 2012, 2007, 2003, and 2002.

As such, there are no changes recorded between the revisions. The 2024 figure is the only available value for Mangalya City.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 274 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Mangalya City's 2024 figure above this median.

• Lakshmi Modern City: Rs 1,980 per sq.ft (2024)
• Lakshmi Green City: Rs 1,540 per sq.ft (2024)
• Kanthammal Nagar: Rs 440 per sq.ft (2024)
• Poonamallee Farms: Rs 1,320 per sq.ft (2024)
• Poonamallee Farms Phase - II: Rs 1,320 per sq.ft (2024)
• Poonamallee Farms Phase - II Extension: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalya City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total of Rs 2,16,000. 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 further calculations.

Which Sub Registrar Office covers Mangalya City?

The Mangalya City area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Cheranancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Mangalya City?

The current guideline value of Mangalya City is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for the revisions in 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision at Rs 2,400 per sq.ft.

What is the land classification of Mangalya City?

Mangalya City falls under the Residential Class IV Type - I land classification.

What are the stamp duty and registration fees for property in Mangalya City?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 2,16,000.

Where is the Sub Registrar Office for Mangalya City located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.