Guideline Value for Mamallapuram Salai (Payaniyar viduthi varai)

Mamallapuram Salai (Payaniyar viduthi varai) guideline value

The current guideline value of Mamallapuram Salai (Payaniyar viduthi varai) is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - III land.

How the guideline value of Mamallapuram Salai (Payaniyar viduthi varai) has changed

In the 2017 revision, the guideline value was set at Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise over the six years. The most recent revision in 2024 saw a further increase to Rs 805 per sq.ft, reflecting a 1% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Mamallapuram Salai (Payaniyar viduthi varai) above this median.

• Mamallapuram Salai (Payaniyar viduthi Muthal Kothimangalam Arampa Ellai varai): Rs 1,005 per sq.ft (2024)
• Mamallapuram Salai (Karuneekar Thottam): Rs 600 per sq.ft (2024)
• Mandapam Street: Rs 700 per sq.ft (2024)
• Mangalam Medu: Rs 600 per sq.ft (2024)
• Mangalam West Street (Palla Mangalam): Rs 600 per sq.ft (2024)
• Malayappa Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mamallapuram Salai (Payaniyar viduthi varai)

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, leading to a total of Rs 72,450. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mamallapuram Salai (Payaniyar viduthi varai)?

The Sub Registrar Office covering Mamallapuram Salai (Payaniyar viduthi varai) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirukalukundrem A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the stamp duty will be calculated on the sale price instead.

Frequently asked questions

What is the current guideline value of Mamallapuram Salai (Payaniyar viduthi varai)?

The current guideline value of Mamallapuram Salai (Payaniyar viduthi varai) is Rs 805 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 50%, from Rs 536 per sq.ft to Rs 805 per sq.ft in 2024.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,05,000, the total fees would be Rs 72,450.

Which Sub Registrar Office is responsible for Mamallapuram Salai (Payaniyar viduthi varai)?

The Thirukazhukundram Sub Registrar Office is responsible for Mamallapuram Salai (Payaniyar viduthi varai), located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are guideline values determined for properties in Thirukalukundrem A?

Guideline values for properties in Thirukalukundrem A are determined based on various factors, including land classification and market conditions. The values are revised periodically, with the latest revision being effective from 1 July 2024.