Guideline Value

Corporate

Guideline Value for Mangala Nagar Stage-V

₹250/sq.ft.

The guideline value for Mangala Nagar Stage-v 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-v

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Mangala Nagar Stage-V guideline value

The current guideline value of Mangala Nagar Stage-V is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Vellerithangal village and falls under the Gooduvancheri SRO, classified as Residential Class I Type - I.

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

The guideline value for Mangala Nagar Stage-V has seen several revisions over the years. In 2007, the guideline value was Rs 55 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it dropped to Rs 167 per sq.ft in 2017, before returning to Rs 250 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the value increased by 50%, while there was a decrease of 33% from 2012 to 2017. The remarkable increase of 355% occurred between 2007 and 2012. Overall, from 2007 to 2024, the guideline value has increased by 355%.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO with 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-V is below this median.

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

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangala Nagar Stage-V?

The Sub Registrar Office covering Mangala Nagar Stage-V 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 plays a crucial role during the registration of property transactions in Vellerithangal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer must pay the applicable stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Over the years, the guideline value has seen fluctuations, with significant increases and decreases. For instance, it increased from Rs 55 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in 2023 and 2024.

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

Other streets in Vellerithangal include Mangala Nagar Stage-II, Mangala Nagar Extn, and Mahasakthi Raja Nagar, among others. Their guideline values range from Rs 250 to Rs 400 per sq.ft as of 2024.

What fees are associated with buying property in Mangala Nagar Stage-V?

When buying property in Mangala Nagar Stage-V, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. The total fees depend on the property's guideline value or sale price, whichever is higher.

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

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