Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Mangala Nagar 12th Cross Street - 2nd Lane

₹3960/sq.ft.

The guideline value for Mangala Nagar 12th Cross Street - 2nd 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 12th Cross Street - 2nd Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Mangala Nagar 12th Cross Street - 2nd Lane guideline value

The current guideline value of Mangala Nagar 12th Cross Street - 2nd 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Mangala Nagar 12th Cross Street - 2nd Lane has changed

In the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 2,412 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 3,600 per sq.ft, followed by a further increase to Rs 3,960 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase in the guideline value. The current guideline value of Rs 3,960 per sq.ft aligns with the median value for the 530 streets in Porur under the Kunrathur SRO.

Guideline values in Porur

In Porur, the guideline values range from Rs 2,860 to Rs 6,380 per sq.ft, with the median value being Rs 3,960 per sq.ft. This places the guideline value of Mangala Nagar 12th Cross Street - 2nd Lane at the median level.

Stamp duty and registration fee for property in Mangala Nagar 12th Cross Street - 2nd 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 charges 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 information.

Which Sub Registrar Office covers Mangala Nagar 12th Cross Street - 2nd Lane?

The Sub Registrar Office that covers Mangala Nagar 12th Cross Street - 2nd Lane is 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 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 stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue based on the property's value as determined by the guideline value.

Frequently asked questions

What is the current guideline value for Mangala Nagar 12th Cross Street - 2nd Lane?

The current guideline value for Mangala Nagar 12th Cross Street - 2nd 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 increased 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 this area?

The land classification for Mangala Nagar 12th Cross Street - 2nd Lane is Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Mangala Nagar 12th Cross Street - 2nd Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at a rate of 7%.