Guideline Value

Corporate

Guideline Value for Mangala Nagar 3rd Main road

₹3960/sq.ft.

The guideline value for Mangala Nagar 3rd 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 3rd Main Road

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Mangala Nagar 3rd Main road guideline value

The current guideline value of Mangala Nagar 3rd 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 and is classified as Residential Special Type - I.

How the guideline value of Mangala Nagar 3rd Main road has changed

The guideline value for Mangala Nagar 3rd Main road has seen several revisions over the years. In 2012, the value was Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in 2017. This represented a decline of 33%. The value increased significantly to Rs 3,600 per sq.ft in 2023, followed by a further rise to Rs 3,960 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no 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 that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is the same as the guideline value for Mangala Nagar 3rd Main road.

Stamp duty and registration fee for property in Mangala Nagar 3rd 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, bringing the total fees to 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 3rd Main road?

The Kunrathur Sub Registrar Office covers Mangala Nagar 3rd 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 Porur

The guideline value is a crucial factor when buying or selling property in Porur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with local regulations and to accurately calculate the associated costs. This helps in understanding the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Mangala Nagar 3rd Main road?

The current guideline value of Mangala Nagar 3rd 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 undergone several revisions, with the most recent being Rs 3,960 per sq.ft in 2024, up from Rs 3,600 per sq.ft in 2023. The value was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What is the land classification for Mangala Nagar 3rd Main road?

Mangala Nagar 3rd Main road is classified as Residential Special Type - I.

Where can I find the registration office for Mangala Nagar 3rd Main road?

The registration office for Mangala Nagar 3rd Main road 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 Mangala Nagar 3rd Main road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,960 per sq.ft, the guideline value would be Rs 39,60,000, leading to a stamp duty of Rs 2,77,200 at 7%.