Guideline Value for OLD MAMBAKKAM OLD BRAMMANAR STREET, JAYANAGAR

Old Mambakkam Old Brammanar Street, Jayanagar guideline value

The current guideline value for Old Mambakkam Old Brammanar Street, Jayanagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village and falls under the Madurandakam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Old Mambakkam Old Brammanar Street, Jayanagar has changed

The guideline value for Old Mambakkam Old Brammanar Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 80 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, there was a decrease to Rs 201 per sq.ft in 2017. The value then rose to Rs 300 per sq.ft in 2023 before reaching the current value of Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Mambakkam

In Mambakkam, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is the same as the guideline value for Old Mambakkam Old Brammanar Street.

• Old Mambakkam Gandhi Street: Rs 385 per sq.ft (2024)
• Old Mambakkam Ora Veedhi Street: Rs 330 per sq.ft (2024)
• Old Mambakkam Brammanar Street, New Colony: Rs 330 per sq.ft (2024)
• Old Mambakkam Sunambedu Road: Rs 330 per sq.ft (2024)
• Om Sakthi Avenue: Rs 770 per sq.ft (2024)
• New Mambakkam Sunambedu Road: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Old Mambakkam Old Brammanar Street, Jayanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is calculated at 7%, which comes to Rs 23,100, and the registration fee at 2% amounts to Rs 6,600. Together, the total fees would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Old Mambakkam Old Brammanar Street, Jayanagar?

The Sub Registrar Office that covers Old Mambakkam Old Brammanar Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is crucial for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Old Mambakkam Old Brammanar Street?

The current guideline value of Old Mambakkam Old Brammanar Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking a total increase of 313% over the years.

What is the land classification for Old Mambakkam Old Brammanar Street?

The land classification for Old Mambakkam Old Brammanar Street is Residential Class I Type - I.

Which Sub Registrar Office is responsible for this area?

The Madurandakam Sub Registrar Office is responsible for Old Mambakkam Old Brammanar Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 23,100 at 7%.