Guideline Value for MANGAYARKARASI STREET (WARD -6)

Mangayarkarasi Street (Ward -6) guideline value

The current guideline value of Mangayarkarasi Street (Ward -6) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Mangayarkarasi Street (Ward -6) has changed

The guideline value for Mangayarkarasi Street has undergone several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for Mangayarkarasi Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Mangayarkarasi Street's 2024 figure above that median.

• Manickavasagar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Mamarathu Gate Union Road (Per): Rs 990 per sq.ft (2024)
• Manimegalai Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Manonmanian Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Manonmani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Malar Avenue (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Mangayarkarasi Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Mangayarkarasi Street (Ward -6)?

The Sub Registrar Office that covers Mangayarkarasi Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded and taxed appropriately.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mangayarkarasi Street (Ward -6)?

The current guideline value of Mangayarkarasi Street (Ward -6) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Mangayarkarasi Street?

The land classification for Mangayarkarasi Street (Ward -6) is Residential Special Type - III.

What are the stamp duty and registration fees for a property in Mangayarkarasi Street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where is the Sub Registrar Office for Mangayarkarasi Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.