Guideline Value

Corporate

Guideline Value for SRI Mayil vaganam Nagar

₹500/sq.ft.

The guideline value for Sri Mayil Vaganam Nagar in Neelamangalam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Neelamangalam

Village

Gooduvancheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Mayil Vaganam Nagar

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SRI Mayil vaganam Nagar guideline value

The current guideline value of SRI Mayil vaganam Nagar is Rs 500 per sq.ft. This area is located in Neelamangalam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of SRI Mayil vaganam Nagar has changed

The guideline value for SRI Mayil vaganam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was lowered to Rs 335 per sq.ft, before returning to Rs 500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 500 per sq.ft.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing SRI Mayil vaganam Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in SRI Mayil vaganam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that 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 details.

Which Sub Registrar Office covers SRI Mayil vaganam Nagar?

The SRI Mayil vaganam Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Neelamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of SRI Mayil vaganam Nagar?

The current guideline value of SRI Mayil vaganam Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft for the revisions in 2012, 2023, and 2024. It was Rs 335 per sq.ft in 2017, and there are no figures available for the years 2002, 2003, and 2007.

What is the land classification for SRI Mayil vaganam Nagar?

The land classification for SRI Mayil vaganam Nagar is Residential Class I Type - I, which indicates its designation for residential purposes.

Where can I find the registration office for SRI Mayil vaganam Nagar?

The registration office for SRI Mayil vaganam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in SRI Mayil vaganam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.