Guideline Value for Mangalapuram

Mangalapuram guideline value

The current guideline value of Mangalapuram, a village in Mangadu -A under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Mangalapuram has changed

Over the years, the guideline value of Mangalapuram has seen significant changes. In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Mangalapuram's 2024 figure above the median.

• Mangalapuram Colony Road: Rs 1,980 per sq.ft (2024)
• Mangadu Main Road: Rs 1,980 per sq.ft (2024)
• Manali Saravana Nagar Ist Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar IInd Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar IIIrd Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mangalapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mangalapuram?

The Mangalapuram area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is documented at a fair value, which helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Mangalapuram?

The current guideline value of Mangalapuram is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets with similar guideline values in Mangadu -A?

Other streets in Mangadu -A include Mangalapuram Colony Road and Mangadu Main Road, both at Rs 1,980 per sq.ft, and several streets in Manali Saravana Nagar at Rs 2,200 per sq.ft.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Mangalapuram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.