Guideline Value for OLD MAMALLAPURAM SALAI

Old Mamallapuram Salai guideline value

The current guideline value of Old Mamallapuram Salai is Rs 2,205 per sq.ft, effective from 1 July 2024. This street is located in Thiruporur village under the Thiruporur SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Old Mamallapuram Salai has changed

The guideline value for Old Mamallapuram Salai has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This value remained unchanged until the 2017 revision, which decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 2,205 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Old Mamallapuram Salai. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 495 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Old Mamallapuram Salai's 2024 figure above this median.

• North Mada Street: Rs 880 per sq.ft (2024)
• Padavattamman Koil Street: Rs 495 per sq.ft (2024)
• Navidan @ New Street: Rs 880 per sq.ft (2024)
• Narayani Nagar: Rs 1,870 per sq.ft (2024)
• Panguni Medu: Rs 495 per sq.ft (2024)
• Police Line Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Old Mamallapuram Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,205 per sq.ft, the total guideline value amounts to Rs 22,05,000. The stamp duty at 7% would be Rs 1,54,350, and the registration fee at 2% would be Rs 44,100, bringing the total charges to Rs 1,98,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Old Mamallapuram Salai?

The Sub Registrar Office that covers Old Mamallapuram Salai is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruporur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Old Mamallapuram Salai?

The current guideline value of Old Mamallapuram Salai is Rs 2,205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,205 per sq.ft in 2024.

What is the land classification for Old Mamallapuram Salai?

The land classification for Old Mamallapuram Salai is Mixed Special Type - II.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Old Mamallapuram Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,05,000, the stamp duty would be Rs 1,54,350 at 7%.