Guideline Value for Mangalapuram Main Road

Mangalapuram Main Road guideline value

The current guideline value of Mangalapuram Main Road in Irumpuliyur village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Commercial Class I Type - II.

How the guideline value of Mangalapuram Main Road has changed

The guideline value for Mangalapuram Main Road has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which set the value at Rs 600 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 483%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The 2023 revision saw a notable increase to Rs 3,500 per sq.ft, followed by a further increase to Rs 3,850 per sq.ft in the 2024 revision, reflecting a 10% rise.

There are also revisions for the years 2002 and 2003, but the register has no figure for this street during those years. Overall, from 2007 to 2024, the guideline value has increased by 542%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Mangalapuram Main Road's 2024 figure above this median.

• Mangalapuram 3-rd St: Rs 1,650 per sq.ft (2024)
• Mangalapuram & Thiruvalluvarpuram: Rs 1,650 per sq.ft (2024)
• Mangalapuram 2-nd St: Rs 3,850 per sq.ft (2024)
• Mangalapuram 1-st St: 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangalapuram Main Road?

The Mangalapuram Main Road 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 Irumpuliyur

The guideline value is a crucial reference for property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees when buying or selling property. The guideline value ensures that the transaction is recorded accurately in the land registry.

When registering a property, it is essential to consider the guideline value as it influences the costs associated with the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Mangalapuram Main Road?

The current guideline value of Mangalapuram Main Road is Rs 3,850 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 600 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 542% over the years.

What are the stamp duty rates for properties on Mangalapuram Main Road?

The stamp duty for properties on Mangalapuram Main Road is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Mangalapuram Main Road?

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

What are the guideline values of other streets in Irumpuliyur?

Other streets in Irumpuliyur have varying guideline values, with rates ranging from Rs 1,650 to Rs 3,850 per sq.ft. For example, Mangalapuram 2-nd St also has a guideline value of Rs 3,850 per sq.ft in 2024.