Guideline Value for Mangalapuram 13th street

Mangalapuram 13th street guideline value

The current guideline value of Mangalapuram 13th 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 13th street has changed

The guideline value for Mangalapuram 13th street has seen several revisions over the years. In 2002, the guideline value was Rs 454 per sq.ft. This figure increased to Rs 501 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 800 per sq.ft in 2007, which was a 60% increase. Following this, the guideline value jumped to Rs 3,100 per sq.ft in 2012, reflecting a substantial 288% increase. However, it decreased to Rs 2,077 per sq.ft in 2017, representing a 33% drop. The value then climbed to Rs 3,100 per sq.ft in 2023, followed by a further increase to the current rate of Rs 3,400 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 649%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO carrying 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. Mangalapuram 13th street's 2024 figure is below this median.

• Mangalapuram 12th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 14th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 11th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 15th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 10th 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 13th street

For a 1,000 sq.ft plot at the current rate of Rs 3,400 per sq.ft, the guideline value amounts to 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, totaling Rs 3,06,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mangalapuram 13th street?

The Sub Registrar Office that covers Mangalapuram 13th 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 in Egmore, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. It is advisable to check the latest guideline values before proceeding with any property dealings in the area.

Frequently asked questions

What is the current guideline value of Mangalapuram 13th street?

The current guideline value of Mangalapuram 13th street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 454 per sq.ft to Rs 3,400 per sq.ft in 2024, representing an overall increase of 649%.

What is the land classification for Mangalapuram 13th street?

Mangalapuram 13th street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Mangalapuram 13th street?

The Sub Registrar Office for Mangalapuram 13th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Mangalapuram 13th street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are also applicable at 2% of the guideline value.