Guideline Value for Mangalapuram pillaiar koil Street

Mangalapuram pillaiar koil Street guideline value

The current guideline value of Mangalapuram pillaiar koil Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Mangalapuram pillaiar koil Street has changed

The guideline value for Mangalapuram pillaiar koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,300 per sq.ft, and the most recent 2024 revision has set the value at Rs 2,500 per sq.ft.

In terms of percentage changes, the value increased by 9% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value among these streets is Rs 3,600 per sq.ft, indicating that Mangalapuram pillaiar koil Street's 2024 figure is below this median.

• Mangalapuram Periyar 2nd Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Thiru-vi-ka Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Padasalai Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Padalaru Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Nalla Kinaru street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Kullan Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalapuram pillaiar koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would amount to Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mangalapuram pillaiar koil Street?

The Sub Registrar Office that covers Mangalapuram pillaiar koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mangalapuram pillaiar koil Street?

The current guideline value of Mangalapuram pillaiar koil Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,500 per sq.ft in 2024, representing a 9% increase. It was Rs 1,541 per sq.ft in 2017, which was a 49% increase from the previous value in 2023.

What is the land classification for Mangalapuram pillaiar koil Street?

Mangalapuram pillaiar koil Street is classified as Residential Class III Type - II. This classification is important for determining the appropriate usage and regulations for properties in this area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Mangalapuram pillaiar koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total guideline value would be Rs 25,00,000, leading to specific fees based on this amount.