Guideline Value for SRI MANGALAMBIGAI NAGAR

Sri Mangalambigai Nagar guideline value

The current guideline value of Sri Mangalambigai Nagar is Rs 670 per sq.ft, effective from 1 July 2024. This area is located in Nelllikuppam village under the Thiruporur SRO, classified as Residential Special Type - III.

How the guideline value of Sri Mangalambigai Nagar has changed

According to the guideline value register, there have been no figures recorded for Sri Mangalambigai Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 670 per sq.ft, which remained unchanged in the 2024 revision.

Thus, from 2023 to 2024, there was a change of +0%, keeping the guideline value consistent at Rs 670 per sq.ft. The register reflects that the value has not fluctuated over the last two revisions.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 45 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft, with a median of Rs 1,000 per sq.ft. Sri Mangalambigai Nagar's 2024 figure is below this median.

• Sri Thirumalai Nagar: Rs 1,005 per sq.ft (2024)
• Serasa Commercial Zone: Rs 1,500 per sq.ft (2024)
• The Eclave - Harini City: Rs 400 per sq.ft (2024)
• The Enclave Extension: Rs 1,000 per sq.ft (2024)
• Royal Enclave: Rs 1,250 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mangalambigai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 670 per sq.ft, the guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, totaling Rs 60,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Mangalambigai Nagar?

Sri Mangalambigai Nagar falls under 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 Nelllikuppam

The guideline value is an essential factor during property transactions in Nelllikuppam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate applicable stamp duties and registration fees.

During the registration process, the guideline value is compared with the sale price, and the higher amount is used to compute the stamp duty. This ensures that the registration reflects the true value of the transaction, safeguarding both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sri Mangalambigai Nagar?

The current guideline value of Sri Mangalambigai Nagar is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value has remained unchanged at Rs 670 per sq.ft from the 2023 revision to the 2024 revision, indicating a +0% change.

What is the land classification for Sri Mangalambigai Nagar?

Sri Mangalambigai Nagar is classified as Residential Special Type - III, which influences its guideline value and potential usage.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 6,70,000, the stamp duty would be Rs 46,900 and the registration fee would be Rs 13,400, totaling Rs 60,300. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

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