Guideline Value for Mangalapuram 10th street

Mangalapuram 10th street guideline value

The current guideline value of Mangalapuram 10th street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO), and is classified as Residential Class III Type - II.

How the guideline value of Mangalapuram 10th street has changed

Over the years, the guideline value of Mangalapuram 10th street has seen significant changes. The earliest recorded value in the register is from 2002, at Rs 454 per sq.ft. This figure increased to Rs 501 per sq.ft in 2003, marking a rise of 10%. Following this, the value rose to Rs 800 per sq.ft in 2007, reflecting a substantial increase of 60%. The 2012 revision saw the value jump to Rs 3,100 per sq.ft, which was an increase of 288%. However, between 2012 and 2017, the value decreased to Rs 2,077 per sq.ft, showing a decline of 33%. The subsequent revision in 2023 brought the value back up to Rs 3,100 per sq.ft, and the latest revision in 2024 set the value at Rs 3,400 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years not listed in the register for this street. The overall increase from 2002 to 2024 is a remarkable 649%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Mangalapuram 10th street is below this median.

• Mangalapuram 11th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 12th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 13th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 14th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 15th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 16th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalapuram 10th street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total fees together to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mangalapuram 10th street?

The Sub Registrar Office that covers Mangalapuram 10th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Egmore, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for taxation and legal documentation in property transactions.

Frequently asked questions

What is the current guideline value of Mangalapuram 10th street?

The current guideline value of Mangalapuram 10th street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 454 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, showing an overall increase of 649% over the years.

What is the land classification for Mangalapuram 10th street?

Mangalapuram 10th street is classified as Residential Class III Type - II.

Where can I find the Periamet Sub Registrar Office?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value. For example, for a property valued at Rs 34,00,000, the stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000.