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 Peramanoor village and falls 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

Over the years, the guideline value for Mangayarkarasi Street has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,600 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,760 per sq.ft. Notably, there are no figures for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, it saw a significant increase of 49% from 2017 to 2023. The 2024 revision reflects a 10% increase from the previous year, 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Mangayarkarasi Street's 2024 figure above this 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 Aveunue (N): Rs 661 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 comes to Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. 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 precise calculations based on your property details.

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

The Chengleput Joint II Sub Registrar Office covers Mangayarkarasi Street (Ward -6). The office is 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 Peramanoor

The guideline value is a crucial factor during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the financial obligations involved. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 several times, with the most recent increase being from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024. The value also saw significant changes from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023.

What is the land classification for Mangayarkarasi Street?

The land classification for Mangayarkarasi Street (Ward -6) is Residential Special Type - III, indicating its designated use for residential purposes.

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

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. These fees are based on the guideline value.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Mangayarkarasi Street (Ward -6).