Guideline Value for New Mandapam Road

New Mandapam Road guideline value

The current guideline value of New Mandapam Road is Rs 3,900 per sq.ft, effective from 1 July 2024. It is located in Egmore village under the Periamet Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of New Mandapam Road has changed

The guideline value register for New Mandapam Road shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft.

As there are no figures available for the previous years, the 2024 revision stands as the only recorded guideline value for this street. There have been no changes between the revisions above.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of New Mandapam Road is below this median.

• New colony 3rd street: Rs 8,300 per sq.ft (2024)
• New Colony 2nd street: Rs 8,300 per sq.ft (2024)
• New colony 1st street: Rs 8,300 per sq.ft (2024)
• New Colony: Rs 8,300 per sq.ft (2024)
• New Avadi Salai: Rs 13,500 per sq.ft (2024)
• Nowroji Extension: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in New Mandapam Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 39,00,000. The stamp duty at 7% amounts to Rs 2,73,000, and the registration fee at 2% is Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on costs.

Which Sub Registrar Office covers New Mandapam Road?

The Sub Registrar Office that covers New Mandapam Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Egmore. It determines the stamp duty and registration fees that must be paid at the time of registration.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of New Mandapam Road?

The current guideline value of New Mandapam Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for New Mandapam Road in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which set the value at Rs 3,900 per sq.ft.

What is the land classification for New Mandapam Road?

New Mandapam Road is classified as Residential Class III Type - I under the guideline value register.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty is Rs 2,73,000 and the registration fee is Rs 78,000, totaling Rs 3,51,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for New Mandapam Road?

The Sub Registrar Office for New Mandapam Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.