Guideline Value for Mangalam West Street (Palla Mangalam)

Mangalam West Street (Palla Mangalam) guideline value

The current guideline value of Mangalam West Street (Palla Mangalam) is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Mangalam West Street (Palla Mangalam) has changed

Over the years, the guideline value for Mangalam West Street (Palla Mangalam) has undergone several revisions. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. The most recent revision in 2024 also maintains the guideline value at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting a consistent value since 2023.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, making Mangalam West Street's guideline value equal to this median.

• Mangalam Medu: Rs 600 per sq.ft (2024)
• Mandapam Street: Rs 700 per sq.ft (2024)
• Mamallapuram Salai (Payaniyar viduthi varai): Rs 805 per sq.ft (2024)
• Mamallapuram Salai (Payaniyar viduthi Muthal Kothimangalam Arampa Ellai varai): Rs 1,005 per sq.ft (2024)
• Mamallapuram Salai (Karuneekar Thottam): Rs 600 per sq.ft (2024)
• Malayappa Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalam West Street (Palla Mangalam)

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangalam West Street (Palla Mangalam)?

The Sub Registrar Office covering Mangalam West Street (Palla Mangalam) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Thirukalukundrem A. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the established values set by the Registration Department.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Mangalam West Street (Palla Mangalam)?

The current guideline value of Mangalam West Street (Palla Mangalam) is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 402 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, which is the same as the current value for Mangalam West Street (Palla Mangalam).

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mangalam West Street (Palla Mangalam) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.