Guideline Value for Mangali Amman Koil Street

Mangali Amman Koil Street guideline value

The current guideline value of Mangali Amman Koil 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 Mangali Amman Koil Street has changed

The guideline value for Mangali Amman Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 601 per sq.ft. This increased to Rs 663 per sq.ft in 2003, marking a rise of 10%. The value then rose significantly to Rs 1,000 per sq.ft in 2007, which was an increase of 51%. Following this, the 2012 revision saw a decrease to Rs 3,100 per sq.ft, a decline of 33%. However, in 2017, the value increased again to Rs 2,077 per sq.ft, reflecting a rise of 49%. The most recent revisions show that the guideline value was Rs 3,100 per sq.ft in 2023, and it has now increased to Rs 3,400 per sq.ft in 2024, a change of 10%.

There are no figures available for revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 466%.

Guideline values in Egmore

In Egmore, there are a total of 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, indicating that Mangali Amman Koil Street's 2024 figure is below this median.

• Mangalapuram 9th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 8th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 7th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 6th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 5th street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 4th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mangali Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be 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, bringing the total cost to Rs 3,06,000. It is important to note that the 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 Mangali Amman Koil Street?

The Sub Registrar Office that covers Mangali Amman Koil 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 when registering property transactions in Egmore. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Mangali Amman Koil Street?

The current guideline value of Mangali Amman Koil Street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 601 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 466% over the years.

What is the land classification of Mangali Amman Koil Street?

Mangali Amman Koil Street is classified as Residential Class III Type - II according to the guidelines.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which office handles registrations for Mangali Amman Koil Street?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles registrations for Mangali Amman Koil Street.