Guideline Value for Mangaliamman Koil Street

Mangaliamman Koil Street guideline value

The current guideline value of Mangaliamman Koil Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Mangaliamman Koil Street has changed

The guideline value for Mangaliamman Koil Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 502 per sq.ft. This figure increased to Rs 750 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Mangaliamman Koil Street is equal to this median.

• Manivannan Nagar: Rs 825 per sq.ft (2024)
• Mariamman Koil Street: Rs 825 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 825 per sq.ft (2024)
• MGR Street: Rs 825 per sq.ft (2024)
• M.L.R Street: Rs 825 per sq.ft (2024)
• Moovar Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Mangaliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total costs to Rs 74,250. 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 more information.

Which Sub Registrar Office covers Mangaliamman Koil Street?

The Mangaliamman Koil Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kavulbazaar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the associated costs, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Mangaliamman Koil Street?

The current guideline value of Mangaliamman Koil Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Mangaliamman Koil Street?

The land classification for Mangaliamman Koil Street is Residential Class II Type - I.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.