Guideline Value for North Street Mangalam

North Street Mangalam guideline value

The current guideline value of North Street Mangalam is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of North Street Mangalam has changed

The guideline value for North Street Mangalam has remained stable at Rs 600 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the value was Rs 402 per sq.ft, reflecting a significant increase of 49% over the six-year period from 2017 to 2023.

There are no recorded guideline values for North Street Mangalam in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%, maintaining the current rate of Rs 600 per sq.ft.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, making North Street Mangalam's 2024 figure equal to this median.

• North Sannathi Street: Rs 900 per sq.ft (2024)
• North Mada Veethi Cross Street: Rs 800 per sq.ft (2024)
• North Mada Veethi: Rs 1,005 per sq.ft (2024)
• North Kulam Street: Rs 400 per sq.ft (2024)
• Osooramman Koil Street: Rs 400 per sq.ft (2024)
• Padasalai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in North Street Mangalam

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value totals Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North Street Mangalam?

The Sub Registrar Office that covers North Street Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Thirukalukundrem A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

This value is also used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers and sellers must be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of North Street Mangalam?

The current guideline value of North Street Mangalam is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2023 revision. It increased from Rs 402 per sq.ft in 2017, marking a 49% rise over the period from 2017 to 2024.

What is the land classification for North Street Mangalam?

North Street Mangalam is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in North Street Mangalam?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for North Street Mangalam located?

The Sub Registrar Office for North Street Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.