Guideline Value for Mangadu Main Road

Mangadu Main Road guideline value

The current guideline value of Mangadu Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Mangadu Main Road has changed

The guideline value for Mangadu Main Road has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Mangadu Main Road's 2024 figure above this median.

• Mangalapuram: Rs 1,980 per sq.ft (2024)
• Manali Saravana Nagar Ist Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar IInd Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar IIIrd Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar: Rs 2,200 per sq.ft (2024)
• Manali Ramakrishna Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mangadu Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees total Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangadu Main Road?

The Kunrathur Sub Registrar Office covers Mangadu Main Road. The office is 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 Mangadu -A

The guideline value is a critical factor when buying or selling property in Mangadu -A. It determines the minimum price at which a property can be registered, ensuring that the transaction is officially recognized by the state. Buyers and sellers must consider this value to understand the costs associated with property transactions.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Mangadu Main Road?

The current guideline value of Mangadu Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024, marking significant increases over the years.

What is the median guideline value in Mangadu -A?

The median guideline value for the 208 streets in Mangadu -A is Rs 1,870 per sq.ft, with Mangadu Main Road's 2024 figure being above this median.

What are the stamp duty and registration fees for properties on Mangadu Main Road?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Mangadu Main Road?

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