Guideline Value for Mamallapuram Village B.G.Road

Mamallapuram Village B.G.Road guideline value

The current guideline value for Mamallapuram Village B.G.Road is Rs 1,210 per sq.ft, effective from 1 July 2024. This area falls under the Thirukazhukundram SRO and is classified as Residential Class III Type - I.

How the guideline value of Mamallapuram Village B.G.Road has changed

Over the years, the guideline value for Mamallapuram Village B.G.Road has seen several revisions. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced by 33% to Rs 569 per sq.ft in 2017. Following this, the value increased significantly by 93% to Rs 1,100 per sq.ft in 2023, and further rose by 10% to the current value of Rs 1,210 per sq.ft in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 42%.

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. The median value among these streets is Rs 935 per sq.ft, placing Mamallapuram Village B.G.Road's guideline value above this median.

• Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road): Rs 825 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 Village B.G.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mamallapuram Village B.G.Road?

The Mamallapuram Village B.G.Road falls under the jurisdiction of 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 Mamallapuram

The guideline value is a crucial factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value for Mamallapuram Village B.G.Road?

The current guideline value for Mamallapuram Village B.G.Road is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 42% over this period.

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

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office covers Mamallapuram Village B.G.Road?

The Thirukazhukundram Sub Registrar Office covers Mamallapuram Village B.G.Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification for Mamallapuram Village B.G.Road?

The land classification for Mamallapuram Village B.G.Road is Residential Class III Type - I.