Guideline Value for Mangala Nagar

Mangala Nagar guideline value

The current guideline value of Mangala Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Mangala Nagar has changed

The guideline value for Mangala Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 160 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a rise of 400%. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that there are no figures available for the 2002, 2003, or 2024 revisions for this street.

Guideline values in Rathinamangalam

Currently, there are no specific guideline values available for other streets in Rathinamangalam under the Gooduvancheri SRO. The guideline value for Mangala Nagar stands at Rs 800 per sq.ft.

Stamp duty and registration fee for property in Mangala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000. Together, the total charges would be Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangala Nagar?

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

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller approaches the registration office, the guideline value will be evaluated to ensure that the appropriate fees are calculated based on the higher of the guideline value or the actual sale price. This ensures compliance with local regulations during the property transaction process.

Frequently asked questions

What is the current guideline value of Mangala Nagar?

The current guideline value of Mangala Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the land classification for Mangala Nagar?

Mangala Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Mangala Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property with a guideline value of Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.