Guideline Value for Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road)

Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road) guideline value

The current guideline value for Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the guideline value was Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The substantial change from 2017 to 2023 reflects a 49% increase, while the drop from 2012 to 2017 was 33%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road) is below this median.

• Mamallapuram Village B.G.Road: Rs 1,210 per sq.ft (2024)
• Madhakoil Street: Rs 825 per sq.ft (2024)
• Lighthouse Road: Rs 1,330 per sq.ft (2024)
• Kovalam Street T.T.D.C to Pattipulam: Rs 1,210 per sq.ft (2024)
• Kovalam Street Town Panchayat to G.R.T (Kovalam Salai(West part)3800 Mtr Highway): Rs 1,485 per sq.ft (2024)
• Kovalam Street Pallavan Silai to Next T.T.D.C (Chennai way Road): Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road)?

The Sub Registrar Office that covers this area is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value for Mamallapuram E.C.R G.H to Pooncheri End?

The current guideline value for Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mamallapuram E.C.R G.H to Pooncheri End is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 57,750.