Guideline Value for Mangali Amman Temple

Mangali Amman Temple guideline value

The current guideline value of the Mangali Amman Temple in Mullam village is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Mangali Amman Temple has changed

The guideline value for Mangali Amman Temple has undergone several revisions over the years. The 2007 revision set the value at Rs 2,600 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, this was followed by a significant decrease to Rs 2,680 per sq.ft in 2017. From 2017 to 2023, the value saw a substantial increase of 49%, reaching Rs 4,000 per sq.ft, and then further increased by 10% to the current value of Rs 4,400 per sq.ft in 2024.

It is important to note that the register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 69%.

Guideline values in Mullam

The guideline values in Mullam vary significantly, with 119 streets under the AnnaNagar SRO having a 2024 figure ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, placing the Mangali Amman Temple's 2024 figure below that median.

• Majestic Colony: Rs 11,000 per sq.ft (2024)
• P- Block, 17th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 19th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 21th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mangali Amman Temple

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is essential 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 Temple?

The Mangali Amman Temple falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mullam. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes, thereby safeguarding the interests of both the buyer and the seller. It is essential for all parties involved to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Mangali Amman Temple?

The current guideline value for Mangali Amman Temple is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 69% over the years.

What is the classification of the land for Mangali Amman Temple?

The land for Mangali Amman Temple is classified as Residential Class I Type - III.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Mullam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.