Guideline Value for Mangali Amman Nagar

Mangali Amman Nagar guideline value

The current guideline value of Mangali Amman Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This locality is situated in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Mangali Amman Nagar has changed

The guideline value of Mangali Amman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and currently stands at Rs 2,200 per sq.ft following the 2024 revision.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. Following that, the value rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Mangali Amman Nagar.

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

Stamp duty and registration fee for property in Mangali Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total 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.

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

Which Sub Registrar Office covers Mangali Amman Nagar?

The Sub Registrar Office that covers Mangali Amman Nagar is 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 information.

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

The guideline value is a crucial factor during property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees that are applicable when registering a property. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the stamp duty is calculated based on the guideline value, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Mangali Amman Nagar?

The current guideline value of Mangali Amman Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What is the land classification for Mangali Amman Nagar?

The land classification for Mangali Amman Nagar is Residential Special Type - II.

Where can I find the Sub Registrar Office for Mangali Amman Nagar?

The Sub Registrar Office for Mangali Amman Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Mangali Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.