Guideline Value for OLD MAMBAKKAM SUNAMBEDU ROAD

Old Mambakkam Sunambedu Road guideline value

The current guideline value of Old Mambakkam Sunambedu Road is Rs 330 per sq.ft, effective from 1 July 2024. This road is located in Mambakkam village, under the Madurandakam SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Old Mambakkam Sunambedu Road has changed

The guideline value for Old Mambakkam Sunambedu Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2012, marking a significant rise of 200%. However, in 2017, the value decreased to Rs 201 per sq.ft, a drop of 33%. The value then rose sharply to Rs 300 per sq.ft in 2023, and further increased to the current rate of Rs 330 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded guideline values for Old Mambakkam Sunambedu Road in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 230%.

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, with the median being Rs 330 per sq.ft. Old Mambakkam Sunambedu Road's 2024 figure aligns with this median.

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

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 at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Old Mambakkam Sunambedu Road?

The Sub Registrar Office that covers Old Mambakkam Sunambedu Road 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 a crucial factor in the registration of property in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for taxation purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential to complete the transaction legally. Buyers should always be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Old Mambakkam Sunambedu Road?

The current guideline value of Old Mambakkam Sunambedu Road 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 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

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

Several other streets in Mambakkam have similar guideline values, including Old Mambakkam Ora Veedhi Street and Old Mambakkam Old Brammanar Street, both valued at Rs 330 per sq.ft in 2024.

What is the stamp duty for property in Old Mambakkam Sunambedu Road?

The stamp duty for property in Old Mambakkam Sunambedu Road is 7% of the guideline value. For a plot valued at Rs 3,30,000, the stamp duty would be Rs 23,100.

Where can I find the Sub Registrar Office for Old Mambakkam Sunambedu Road?

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