Guideline Value for SAKTHI MANGALA NAGAR

Sakthi Mangala Nagar guideline value

The current guideline value of Sakthi Mangala Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Sakthi Mangala Nagar has changed

Over the years, the guideline value for Sakthi Mangala Nagar has experienced several revisions. The 2012 revision set the guideline value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 600 per sq.ft. The 2017 revision saw a significant increase to Rs 402 per sq.ft, representing a 49% increase from the previous figure. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, it has remained stable at Rs 600 per sq.ft. The recent revision from 2023 to 2024 shows no change, maintaining the guideline value at Rs 600 per sq.ft.

Guideline values in Athur A Block

Athur A Block consists of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Sakthi Mangala Nagar at this median value for 2024.

• Sakthi Avenue: Rs 600 per sq.ft (2024)
• Sai Thirumalai Nagar: Rs 500 per sq.ft (2024)
• Rukmani Gardens: Rs 600 per sq.ft (2024)
• Saraswathy Nagar: Rs 600 per sq.ft (2024)
• Railway Nagar: Rs 300 per sq.ft (2024)
• Sivakami Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Mangala Nagar

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, charged at 7%, would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Mangala Nagar?

Sakthi Mangala Nagar falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For further details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions within Athur A Block. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring transparency and fairness in the registration process.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware that these fees are applicable regardless of the actual sale price, as they are based on the higher of the two.

Frequently asked questions

What is the current guideline value of Sakthi Mangala Nagar?

The current guideline value of Sakthi Mangala Nagar 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 2012 to 2024, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to 2023, and no change from 2023 to 2024.

What are the other streets in Athur A Block and their guideline values?

Other streets in Athur A Block include Sakthi Avenue and Rukmani Gardens at Rs 600 per sq.ft, Sai Thirumalai Nagar at Rs 500 per sq.ft, Railway Nagar at Rs 300 per sq.ft, and Sivakami Nagar also at Rs 600 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, on a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Where can I find the Sub Registrar Office for Sakthi Mangala Nagar?

The Chengleput Joint II Sub Registrar Office covers Sakthi Mangala Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.