Guideline Value for Mangalapuram 1-st St

Mangalapuram 1-st St guideline value

The current guideline value of Mangalapuram 1-st St is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mangalapuram 1-st St has changed

Over the years, the guideline value of Mangalapuram 1-st St has seen several revisions. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 1,500 per sq.ft in 2023, followed by a further rise to the current figure of Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 175%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Mangalapuram 1-st St's current value below this median.

• Mangalapuram 2-nd St: Rs 3,850 per sq.ft (2024)
• Mangalapuram 3-rd St: Rs 1,650 per sq.ft (2024)
• Mangalapuram Main Road: Rs 3,850 per sq.ft (2024)
• Mangalapuram & Thiruvalluvarpuram: Rs 1,650 per sq.ft (2024)
• Mangali Amman Nagar: Rs 2,200 per sq.ft (2024)
• Mallika nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalapuram 1-st St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. This brings the total cost for stamp duty and registration fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mangalapuram 1-st St?

The Mangalapuram 1-st St is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Irumpuliyur. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration process will be based on the higher of the guideline value or the agreed sale price.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions, and it is essential for both buyers and sellers to be aware of these costs when planning their transactions.

Frequently asked questions

What is the current guideline value for Mangalapuram 1-st St?

The current guideline value for Mangalapuram 1-st St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Mangalapuram 1-st St?

The land classification for Mangalapuram 1-st St is Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find information on stamp duty and registration fees?

You can find detailed information on stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Mangalapuram 1-st St?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Mangalapuram 1-st St, located at No.26, Mes Road, East Tambaram, Chennai-600059.