Guideline Value for Mangalapuram 1st St

Mangalapuram 1st St guideline value

The current guideline value of Mangalapuram 1st St is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Mangalapuram 1st St has changed

The guideline value register for Mangalapuram 1st St shows that there was no figure available for the years 2002, 2003, 2007, 2012, and 2023. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft. This was followed by a significant increase to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64% from the previous figure.

From the 2017 to 2024 revision, the guideline value increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft. This reflects the current valuation and is part of the ongoing adjustments made by the registration department.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Mangalapuram 1st St at Rs 2,200 per sq.ft is below this median.

• Mangalapuram: Rs 2,200 per sq.ft (2024)
• Mangalapuram 2nd St: Rs 2,200 per sq.ft (2024)
• Malliga Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Malliga Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)
• Manthoppu Street (Brindavan Avenue): Rs 4,400 per sq.ft (2024)
• Mariammankoil Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangalapuram 1st St?

The Mangalapuram 1st 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mangalapuram 1st St?

The current guideline value of Mangalapuram 1st St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an increase of +64%.

What is the land classification for Mangalapuram 1st St?

Mangalapuram 1st St falls under the Residential Class I Type - II land classification.

How does the guideline value compare to other streets in Tambaram?

The guideline value of Mangalapuram 1st St at Rs 2,200 per sq.ft is below the median value of Rs 3,300 per sq.ft for the 360 streets in Tambaram under the Tambaram Joint 1 SRO.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles the registration of properties in the area.