Guideline Value for MANTRI DEVELOPERS

Mantri Developers guideline value

The current guideline value for Mantri Developers in Padur village, under the Thiruporur SRO, is Rs 3,000 per sq.ft. This value was established in the 2023 revision and is classified as Commercial Class I Type - I.

How the guideline value of Mantri Developers has changed

According to the guideline value register, there have been several revisions for the guideline value of Mantri Developers. The oldest revision listed is from 2002, but the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 3,000 per sq.ft.

There have been no changes in the guideline value between the revisions mentioned above. The only available figure is from the 2023 revision, which is Rs 3,000 per sq.ft.

Guideline values in Padur

Currently, there are no specific guideline values provided for other streets in Padur under the Thiruporur SRO. Therefore, the guideline value for Mantri Developers stands as the only reference point.

Stamp duty and registration fee for property in Mantri Developers

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mantri Developers?

The Sub Registrar Office that covers Mantri Developers is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Padur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two amounts is used to calculate the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mantri Developers?

The current guideline value for Mantri Developers is Rs 3,000 per sq.ft, as per the 2023 revision.

What is the classification of land in Mantri Developers?

Mantri Developers is classified as Commercial Class I Type - I according to the guideline value register.

Have there been any changes in the guideline value over the years?

No changes have been noted in the guideline value for Mantri Developers between the revisions, with the only figure available being Rs 3,000 per sq.ft from the 2023 revision.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mantri Developers?

Stamp duty for properties in Mantri Developers is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total costs can amount to Rs 2,70,000 including stamp duty and registration fees.