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Guideline Value

Corporate

Guideline Value for Mangala Nagar 4th Cross Street - Lane

₹3960/sq.ft.

The guideline value for Mangala Nagar 4th Cross Street - 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 4th Cross Street - Lane

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Mangala Nagar 4th Cross Street - Lane guideline value

The current guideline value for Mangala Nagar 4th Cross Street - Lane is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Mangala Nagar 4th Cross Street - Lane has changed

The guideline value for Mangala Nagar 4th Cross Street - Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was then reduced to Rs 2,412 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 3,600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,960 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value is Rs 3,960 per sq.ft, which is equal to the current value of Mangala Nagar 4th Cross Street - Lane.

Stamp duty and registration fee for property in Mangala Nagar 4th Cross Street - 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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangala Nagar 4th Cross Street - Lane?

The Kunrathur Sub Registrar Office covers Mangala Nagar 4th Cross Street - Lane. 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 in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mangala Nagar 4th Cross Street - Lane?

The current guideline value for Mangala Nagar 4th Cross Street - 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 2023 to Rs 3,960 per sq.ft in 2024, an increase of 10%. It was Rs 2,412 per sq.ft in 2017, showing a significant increase of 49% to 2023.

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

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Mangala Nagar 4th Cross Street - Lane?

The Kunrathur Sub Registrar Office covers Mangala Nagar 4th Cross Street - Lane, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Mangala Nagar 4th Cross Street - Lane?

The land classification for Mangala Nagar 4th Cross Street - Lane is Residential Special Type - I, indicating its suitability for residential development.