Guideline Value for Mangalapuram 6th street

Mangalapuram 6th street guideline value

The current guideline value of Mangalapuram 6th street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class III Type - II.

How the guideline value of Mangalapuram 6th street has changed

Looking back at the revisions, the guideline value for Mangalapuram 6th street was Rs 454 per sq.ft in 2002. It increased to Rs 501 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 800 per sq.ft in 2007, representing a 60% increase. By 2012, the value was Rs 3,100 per sq.ft, which was an increase of 288% from the previous revision. However, it decreased to Rs 2,077 per sq.ft in 2017, a decline of 33% from 2012. The value rose again to Rs 3,100 per sq.ft in 2023, before reaching the current figure of Rs 3,400 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 649%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Egmore

In Egmore, 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 6th street is below this median.

• Mangalapuram 5th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 7th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 4th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 8th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 3rd street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 9th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalapuram 6th 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 be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangalapuram 6th street?

The Mangalapuram 6th street falls under 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 during property registration in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers must ensure that the sale price is equal to or greater than the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mangalapuram 6th street?

The current guideline value of Mangalapuram 6th 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 seen several revisions, increasing from Rs 454 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, representing an overall increase of 649% over this period.

What is the land classification of Mangalapuram 6th street?

Mangalapuram 6th street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property in Mangalapuram 6th street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 34,00,000, the total fees would amount to Rs 3,06,000.

Which Sub Registrar Office covers Mangalapuram 6th street?

The Periamet Sub Registrar Office covers Mangalapuram 6th street, located at 1103, Poonamallee High Road, Chennai-600 003.