Guideline Value for Mandaba Connection Road

Mandaba Connection Road guideline value

The current guideline value of Mandaba Connection Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Mandaba Connection Road has changed

The guideline value for Mandaba Connection Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 286 per sq.ft, which increased to Rs 320 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by a substantial increase to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017 before climbing to Rs 3,500 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, reflecting an increase of 11% from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023 and a dramatic 250% rise from 2007 to 2012. The overall increase from 2002 to 2024 is a remarkable 1264%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Mandaba Connection Road is above this median.

• Manimegalai Street: Rs 2,800 per sq.ft (2024)
• Madippakkam Main Road: Rs 5,500 per sq.ft (2024)
• Mathiyazhagan Street 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Mathiyazhagan Street 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Mathiyazhagan Street Main: Rs 2,800 per sq.ft (2024)
• Medavakkam Alandur High Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mandaba Connection Road

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mandaba Connection Road?

The Sub Registrar Office that covers Mandaba Connection Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Mandaba Connection Road?

The current guideline value of Mandaba Connection Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 286 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 1264% over the years.

What is the land classification for Mandaba Connection Road?

Mandaba Connection Road is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Mandaba Connection Road?

The Sub Registrar Office for Mandaba Connection Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated for properties in Ullagaram?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000.