Guideline Value for Mambakkam Main Road

Mambakkam Main Road guideline value

The current guideline value of Mambakkam Main Road is Rs 2,000 per sq.ft. This street is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Mambakkam Main Road has changed

Over the years, the guideline value of Mambakkam Main Road has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. However, the 2023 revision brought it back up to Rs 2,000 per sq.ft, reflecting a significant increase of 49% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 2,000 per sq.ft.

The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street. This lack of data means that the changes in guideline values during those years are not available for analysis.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. The Mambakkam Main Road guideline value stands at Rs 2,000 per sq.ft, and there are no other streets in Mambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Mambakkam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mambakkam Main Road?

The Mambakkam Main Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives its due stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Mambakkam Main Road?

The current guideline value of Mambakkam Main Road is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, followed by an increase back to Rs 2,000 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the registration fee for property in Mambakkam Main Road?

The registration fee for property in Mambakkam Main Road is calculated at 2% of the guideline value. For example, for a property valued at Rs 20,00,000, the registration fee would be Rs 40,000.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For Mambakkam Main Road, the stamp duty rate is 7% of the applicable value.