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Guideline Value

Corporate

Guideline Value for Mangala Nagar 10th Cross Street -1st Lane

₹3960/sq.ft.

The guideline value for Mangala Nagar 10th Cross Street -1st Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mangala Nagar 10th Cross Street -1st Lane

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Mangala Nagar 10th Cross Street -1st Lane guideline value

The current guideline value of Mangala Nagar 10th Cross Street -1st Lane is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO with a land classification of Residential Special Type - I.

How the guideline value of Mangala Nagar 10th Cross Street -1st Lane has changed

The guideline value for Mangala Nagar 10th Cross Street -1st Lane has seen several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 3,600 per sq.ft. This value remained the same in the 2012 revision but then decreased to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and further rose to Rs 3,960 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value in this area is Rs 3,960 per sq.ft, which is the same as the 2024 figure for Mangala Nagar 10th Cross Street -1st Lane.

Stamp duty and registration fee for property in Mangala Nagar 10th Cross Street -1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Mangala Nagar 10th Cross Street -1st Lane?

The Mangala Nagar 10th Cross Street -1st Lane 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mangala Nagar 10th Cross Street -1st Lane?

The current guideline value of Mangala Nagar 10th Cross Street -1st Lane is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then back to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the land classification for Mangala Nagar 10th Cross Street -1st Lane?

The land classification for Mangala Nagar 10th Cross Street -1st Lane is Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Mangala Nagar 10th Cross Street -1st Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 39,60,000, the total stamp duty and registration fee would be Rs 3,56,400.