Guideline Value for Mansa Garden

Mansa Garden guideline value

The current guideline value of Mansa Garden, located in Ayyencheri village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Mansa Garden has changed

The guideline value of Mansa Garden has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 370 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 305%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, representing an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 305%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Mansa Garden is part of the guideline values set for this area. The following are other streets in Ayyencheri:

Stamp duty and registration fee for property in Mansa Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mansa Garden?

The Mansa Garden area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated fairly based on the official values set by the registration department.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mansa Garden?

The current guideline value of Mansa Garden is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 370 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then dropped to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Mansa Garden?

The land classification for Mansa Garden is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Mansa Garden?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Mansa Garden?

The Gooduvancheri Sub Registrar Office covers Mansa Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.