Guideline Value

Corporate

Guideline Value for Mangala Nagar Stage-II

₹250/sq.ft.

The guideline value for Mangala Nagar Stage-ii in Vellerithangal village (Gooduvancheri SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vellerithangal

Village

Gooduvancheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹55 /sq.ft.
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mangala Nagar Stage-ii

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Mangala Nagar Stage-II guideline value

The current guideline value of Mangala Nagar Stage-II is Rs 250 per sq.ft. This area is located in Vellerithangal village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Mangala Nagar Stage-II has changed

The guideline value for Mangala Nagar Stage-II has undergone several revisions over the years. In 2007, the value was Rs 55 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it then decreased to Rs 167 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 250 per sq.ft, showing no change between these two years.

From 2017 to 2023, the guideline value increased by 50%. The jump from 2007 to 2012 was a remarkable 355%. Overall, from 2007 to 2024, the guideline value has increased by 355%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Mangala Nagar Stage-II is below this median.

Stamp duty and registration fee for property in Mangala Nagar Stage-II

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangala Nagar Stage-II?

The Sub Registrar Office that covers Mangala Nagar Stage-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vellerithangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mangala Nagar Stage-II?

The current guideline value of Mangala Nagar Stage-II is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring from Rs 55 per sq.ft in 2007 to Rs 250 per sq.ft in 2012. The value has remained at Rs 250 per sq.ft since 2012, with no change from 2023 to 2024.

What are the other streets in Vellerithangal with their guideline values?

In Vellerithangal, other streets include Mangala Nagar Extn, Mangala Nagar Stage-V, and Mangala Nagar, all at Rs 250 per sq.ft, while Mahasakthi Raja Nagar Extn-I & II and Mahasakthi Raja Nagar are at Rs 300 per sq.ft, and Krishnamohana Nagar is at Rs 400 per sq.ft.

What is the stamp duty for property in Mangala Nagar Stage-II?

The stamp duty for a property in Mangala Nagar Stage-II is 7% of the guideline value. For example, on a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.

Where is the Sub Registrar Office for Mangala Nagar Stage-II located?

The Sub Registrar Office for Mangala Nagar Stage-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.