Guideline Value for Periya Street Mangalam

Periya Street Mangalam guideline value

The current guideline value of Periya 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of Periya Street Mangalam has changed

The guideline value for Periya Street Mangalam has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, the same as the previous year in 2023. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The consistent value of Rs 600 per sq.ft in both 2023 and 2024 indicates stability in the guideline value for this period.

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, which matches the guideline value of Periya Street Mangalam.

• Periy Street: Rs 600 per sq.ft (2024)
• Pidari koil street: Rs 600 per sq.ft (2024)
• Pavodum Santhu: Rs 800 per sq.ft (2024)
• Paventhar Bharathidasan Street: Rs 600 per sq.ft (2024)
• Pattai Street: Rs 800 per sq.ft (2024)
• Pillayar Koil St: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Street Mangalam

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be 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. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Street Mangalam?

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

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukalukundrem A, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with the legal requirements during property transactions. The guideline value is updated periodically, reflecting changes in the real estate landscape, and it is advisable to check for the latest figures before proceeding with a transaction.

Frequently asked questions

What is the current guideline value of Periya Street Mangalam?

The current guideline value of Periya 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 from 2023 to 2024. From 2017 to 2023, it increased by 49% from Rs 402 per sq.ft.

What is the land classification for Periya Street Mangalam?

The land classification for Periya Street Mangalam is Residential Class I Type - III.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot valued at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Periya Street Mangalam?

The Thirukazhukundram Sub Registrar Office handles registrations for Periya Street Mangalam, located at Thiruchengode - 637 211, Chengalpattu registration zone.