Guideline Value for Mangaiyarkarasi Nagar 46 th street 1st cross street

Mangaiyarkarasi Nagar 46 th street 1st cross street guideline value

The current guideline value of Mangaiyarkarasi Nagar 46 th street 1st cross street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Mangaiyarkarasi Nagar 46 th street 1st cross street has changed

In the 2007 revision, the guideline value was Rs 1,700 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a growth of 106%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in the 2023 revision, and further increased to Rs 3,900 per sq.ft in the 2024 revision, reflecting an increase of 11%.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a total increase of 129%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the current guideline value for Mangaiyarkarasi Nagar 46 th street 1st cross street.

• Mangaiyarkarasi Nagar: Rs 3,900 per sq.ft (2024)
• Malaicharivu Road: Rs 2,800 per sq.ft (2024)
• Manimegalai Colony: Rs 2,800 per sq.ft (2024)
• Manimegalai Street: Rs 3,900 per sq.ft (2024)
• Madippakkam Main road: Rs 5,500 per sq.ft (2024)
• Madhavan Nagar 2nd Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Mangaiyarkarasi Nagar 46 th street 1st cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be 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 Mangaiyarkarasi Nagar 46 th street 1st cross street?

The Sub Registrar Office that covers Mangaiyarkarasi Nagar 46 th street 1st cross street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that the correct amounts are paid based on the property's assessed value.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mangaiyarkarasi Nagar 46 th street 1st cross street?

The current guideline value of Mangaiyarkarasi Nagar 46 th street 1st cross street 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 seen several changes, starting from Rs 1,700 per sq.ft in 2007 and increasing to Rs 3,900 per sq.ft in 2024, marking an overall increase of 129% since 2007.

What are the other streets in Thalakanancherry with their guideline values?

Other streets in Thalakanancherry include Mangaiyarkarasi Nagar at Rs 3,900 per sq.ft, Malaicharivu Road and Manimegalai Colony both at Rs 2,800 per sq.ft, and Madippakkam Main road at Rs 5,500 per sq.ft, among others.

What is the registration fee for property in Mangaiyarkarasi Nagar?

The registration fee for property in Mangaiyarkarasi Nagar is calculated based on the guideline value, which currently stands at Rs 3,900 per sq.ft. For a 1,000 sq.ft plot, the registration fee would be Rs 78,000.

Which office handles property registration for this area?

The Alandur Sub Registrar Office handles property registration for Mangaiyarkarasi Nagar 46 th street 1st cross street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.