Guideline Value

Corporate

Guideline Value for Mangala Nagar 1st Main road

₹3960/sq.ft.

The guideline value for Mangala Nagar 1st Main Road 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 1st Main Road

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Mangala Nagar 1st Main road guideline value

The current guideline value of Mangala Nagar 1st Main road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Mangala Nagar 1st Main road has changed

The guideline value for Mangala Nagar 1st Main road has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,412 per sq.ft. The next revision in 2017 increased the value significantly to Rs 3,600 per sq.ft, and then the 2023 revision further raised it to Rs 3,960 per sq.ft, marking a 49% increase from the previous revision.

From 2023 to 2024, the guideline value increased by 10%. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the 2024 figure for Mangala Nagar 1st Main road.

Stamp duty and registration fee for property in Mangala Nagar 1st Main road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total cost for these fees Rs 3,56,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangala Nagar 1st Main road?

The Sub Registrar Office that covers Mangala Nagar 1st Main road is 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 plays a crucial role in property transactions in Porur. It is used to determine the stamp duty and registration fees that must be paid during the buying or selling process. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This system helps maintain transparency and ensures that property transactions are conducted fairly.

Frequently asked questions

What is the current guideline value of Mangala Nagar 1st Main road?

The current guideline value of Mangala Nagar 1st Main road 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 2023 to Rs 3,960 per sq.ft in 2024, a 10% increase. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012, showing various changes over the years.

What is the land classification for Mangala Nagar 1st Main road?

The land classification for Mangala Nagar 1st Main road is Residential Special Type - I, indicating its designated use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 39,60,000 would incur a stamp duty of Rs 2,77,200 and a registration fee of Rs 79,200.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.