Guideline Value for SRIALAMELU MANGAPURAM COLONY (CHEN)

Srialamelu Mangapuram Colony (Chen) guideline value

The current guideline value of Srialamelu Mangapuram Colony (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Srialamelu Mangapuram Colony (Chen) has changed

The guideline value for Srialamelu Mangapuram Colony (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision brought it to Rs 1,100 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

Sengundram - 1 has a total of 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median value in this area is Rs 880 per sq.ft, making the 2024 guideline value of Srialamelu Mangapuram Colony (Chen) above the median.

• Sre Nagar Part - I (Chen): Rs 1,100 per sq.ft (2024)
• Sree Nagar Part -III: Rs 1,100 per sq.ft (2024)
• Sree Nagar Part -II: Rs 1,100 per sq.ft (2024)
• Sree Gomathees Varar Nagar: Rs 770 per sq.ft (2024)
• Sree Gokulapuram Extn -3: Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extn -2 (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Srialamelu Mangapuram Colony (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. 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 information.

Which Sub Registrar Office covers Srialamelu Mangapuram Colony (Chen)?

The Sub Registrar Office that covers Srialamelu Mangapuram Colony (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is an essential factor when registering property transactions in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Srialamelu Mangapuram Colony (Chen)?

The current guideline value of Srialamelu Mangapuram Colony (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Srialamelu Mangapuram Colony (Chen)?

The land classification of Srialamelu Mangapuram Colony (Chen) is Residential Special Type - III.

What is the registration office for Srialamelu Mangapuram Colony (Chen)?

The registration office for Srialamelu Mangapuram Colony (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Srialamelu Mangapuram Colony (Chen)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.