Guideline Value for Mangadu - Moulivakkam Main Road

Mangadu - Moulivakkam Main Road guideline value

The current guideline value for Mangadu - Moulivakkam Main Road is Rs 1,450 per sq.ft, effective from 1 July 2024. This area is located in Baraniputjur village and falls under the Kunrathur SRO. The land classification is Residential Special Type - I.

How the guideline value of Mangadu - Moulivakkam Main Road has changed

The guideline value for Mangadu - Moulivakkam Main Road has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,300 per sq.ft by 2012. However, it then decreased to Rs 872 per sq.ft in 2017. The 2023 revision set the value at Rs 1,302 per sq.ft, leading to the current figure of Rs 1,450 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, the guideline value has increased by 480% from Rs 250 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft, with a median value of Rs 1,210 per sq.ft. The guideline value for Mangadu - Moulivakkam Main Road is above this median.

• Leelavathi Nagar: Rs 1,210 per sq.ft (2024)
• Mgk Vel Anenue: Rs 1,430 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,210 per sq.ft (2024)
• Karuna Nidhi Street: Rs 1,210 per sq.ft (2024)
• Karthik Avenue: Rs 1,450 per sq.ft (2024)
• Nova Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Mangadu - Moulivakkam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value amounts to Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total cost to Rs 1,30,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mangadu - Moulivakkam Main Road?

The Mangadu - Moulivakkam Main Road is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Mangadu - Moulivakkam Main Road?

The current guideline value of Mangadu - Moulivakkam Main Road is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, marking a total increase of 480% over the years.

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

For a property valued at Rs 14,50,000, the stamp duty would be Rs 1,01,500 and the registration fee would be Rs 29,000, totaling Rs 1,30,500.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Mangadu - Moulivakkam Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Mangadu - Moulivakkam Main Road?

The land classification for Mangadu - Moulivakkam Main Road is Residential Special Type - I.