Guideline Value for Mandkulam Anjaneyar Koil Street

Mandkulam Anjaneyar Koil Street guideline value

The current guideline value of Mandkulam Anjaneyar Koil Street is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Mandkulam Anjaneyar Koil Street has changed

The guideline value for Mandkulam Anjaneyar Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 401 per sq.ft. This increased to Rs 444 per sq.ft in 2003, marking a rise of 11%. The value continued to rise significantly, reaching Rs 750 per sq.ft in 2007, which was a 69% increase from the previous year. The next revision in 2012 saw the value change to Rs 3,900 per sq.ft, representing a substantial increase of 420% from 2007. However, in 2017, the value decreased to Rs 2,613 per sq.ft, a decline of 33%.

From 2017 to 2023, the guideline value increased sharply to Rs 3,900 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,290 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Mandkulam Anjaneyar Koil Street's 2024 figure above this median.

• Mangala Nagar: Rs 3,960 per sq.ft (2024)
• Mangala Nagar 10th Cross Street -1st Lane: Rs 3,960 per sq.ft (2024)
• Mangala Nagar 10th Cross Street -2nd Lane: Rs 3,960 per sq.ft (2024)
• Mangala Nagar 10th Cross Street -3rd Lane: Rs 3,960 per sq.ft (2024)
• Mangala Nagar 10th Cross Street -4th Lane: Rs 3,960 per sq.ft (2024)
• Mangala Nagar 11th Cross Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Mandkulam Anjaneyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total cost to Rs 3,86,100. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Mandkulam Anjaneyar Koil Street?

The Sub Registrar Office that covers Mandkulam Anjaneyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It is used to assess the stamp duty and registration fees that need to be paid during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Mandkulam Anjaneyar Koil Street?

The current guideline value of Mandkulam Anjaneyar Koil Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 401 per sq.ft in 2002 to Rs 4,290 per sq.ft in 2024, showing an overall increase of 970% over the years.

What is the land classification for Mandkulam Anjaneyar Koil Street?

The land classification for Mandkulam Anjaneyar Koil Street is Mixed Special Type - II.

Which Sub Registrar Office is responsible for this street?

The Kunrathur Sub Registrar Office is responsible for Mandkulam Anjaneyar Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How do stamp duty and registration fees work in Porur?

Stamp duty and registration fees in Porur are calculated based on the guideline value of the property. The duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are collected during property transactions.