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 Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

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

The guideline value for Mangayarkarasi Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,072 per sq.ft. Subsequently, the 2023 revision increased the value to Rs 1,600 per sq.ft, and the latest 2024 revision raised it further to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value rose by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

There are 425 streets in Sattamangalam under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area 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 Aveunue (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 would be 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, 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 also use our stamp duty and registration fee calculator for more 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 Sattamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate 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 back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Mangayarkarasi Street's value above this median at Rs 1,760 per sq.ft.

What fees are associated with buying property in Mangayarkarasi Street (Ward -6)?

When buying property, fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mangayarkarasi Street (Ward -6)?

The Sub Registrar Office for Mangayarkarasi Street (Ward -6) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.