Guideline Value for Mandapam Street

Mandapam Street guideline value

The current guideline value of Mandapam Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Mandapam Street has changed

The guideline value for Mandapam Street has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. In the 2023 revision, this value remained unchanged at Rs 700 per sq.ft, which was also the figure for the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2017 to 2024 also reflects a 49% increase, as the value remains at Rs 700 per sq.ft in both the 2023 and 2024 revisions.

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 Mandapam Street's 2024 figure above this median.

• Mangalam Medu: Rs 600 per sq.ft (2024)
• Mangalam West Street (Palla Mangalam): Rs 600 per sq.ft (2024)
• Mamallapuram Salai (Payaniyar viduthi varai): Rs 805 per sq.ft (2024)
• 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)
• Malayappa Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that 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 details.

Which Sub Registrar Office covers Mandapam Street?

The Sub Registrar Office that covers Mandapam Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Mandapam Street?

The current guideline value of Mandapam Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, after increasing from Rs 469 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for the 149 streets in Thirukalukundrem A is Rs 600 per sq.ft, with Mandapam Street's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Mandapam Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,000 based on the guideline value of Rs 7,00,000.

Which office handles property registrations for Mandapam Street?

The Thirukazhukundram Sub Registrar Office is responsible for property registrations in Mandapam Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.