Guideline Value for Mansarovar Phase-I

Mansarovar Phase-I guideline value

The current guideline value of Mansarovar Phase-I is Rs 200 per sq.ft. This area is located in Mudhukoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mansarovar Phase-I has changed

The guideline value for Mansarovar Phase-I has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged in the subsequent revisions of 2017, where it decreased to Rs 134 per sq.ft, and then returned to Rs 200 per sq.ft in 2023. The most recent revision in 2024 still holds the value at Rs 200 per sq.ft, indicating no change from the previous year.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 448 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Mansarovar Phase-I aligns with this median.

• Mappedu Sellum Salai: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• Melandai Vedhi: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mansarovar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, calculated at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for stamp duty and registration would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mansarovar Phase-I?

The Mansarovar Phase-I area falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline value.

Frequently asked questions

What is the current guideline value of Mansarovar Phase-I?

The current guideline value of Mansarovar Phase-I is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft, consistent with the 2023 revision.

What is the stamp duty for property in Mansarovar Phase-I?

The stamp duty for property in Mansarovar Phase-I is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mansarovar Phase-I located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What are the other streets in Mudhukoor with similar guideline values?

Other streets in Mudhukoor also have guideline values of Rs 200 per sq.ft, including Mappedu Sellum Salai, Mariamman Kovil Street, Melandai Vedhi, Mettu Street, and Mudukoor Colony Part.