Guideline Value for MANGULAM

Mangulam guideline value

The current guideline value of Mangulam in Thandurai village, under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Mangulam has changed

Over the years, the guideline value for Mangulam has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision recorded a lower value of Rs 536 per sq.ft, marking a decrease of 33% from the 2012 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 800 per sq.ft. The most recent revision in 2024 has maintained this value, resulting in a 0% change from the previous year. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Mangulam's 2024 figure below this median.

• Mangaiyar Thilagam Nagar: Rs 989 per sq.ft (2024)
• Mandaveli St: Rs 1,300 per sq.ft (2024)
• Mariyamman Koil St (Bakthavachalm Nagar): Rs 988 per sq.ft (2024)
• Mariyamman Koil Street (Back Side): Rs 988 per sq.ft (2024)
• Mariyamman Koil St (West): Rs 988 per sq.ft (2024)
• Mahatma Gandhi Road: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Mangulam

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total charges Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangulam?

The Sub Registrar Office that covers Mangulam is 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 Thandurai

The guideline value plays a crucial role in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Mangulam?

The current guideline value for Mangulam is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value for Mangulam has seen fluctuations, with a peak of Rs 800 per sq.ft in 2012, a drop to Rs 536 per sq.ft in 2017, and then returning to Rs 800 per sq.ft in 2023 and remaining unchanged in 2024.

What is the median guideline value for streets in Thandurai?

The median guideline value for the 331 streets in Thandurai is Rs 988 per sq.ft, which is higher than the current value of Rs 800 per sq.ft for Mangulam.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Mangulam?

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