Guideline Value for SUBHA MANGALA NAGAR

Subha Mangala Nagar guideline value

The current guideline value of Subha Mangala Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village under the Kunrathur SRO, with a land classification of Residential Class V Type - IV.

How the guideline value of Subha Mangala Nagar has changed

The guideline value for Subha Mangala Nagar has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,541 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 1,700 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, making Subha Mangala Nagar's 2024 figure below that median.

• Sultanapettai Mosque Street: Rs 1,870 per sq.ft (2024)
• Sultanapettai South Street: Rs 1,870 per sq.ft (2024)
• Sultan Nagar: Rs 1,870 per sq.ft (2024)
• Sultanpettai Bazzar Road: Rs 1,870 per sq.ft (2024)
• Sultanpettai Street: Rs 1,870 per sq.ft (2024)
• Sulthanpettai: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Subha Mangala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty, calculated at 7%, would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subha Mangala Nagar?

The Sub Registrar Office that covers Subha Mangala Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Subha Mangala Nagar?

The current guideline value of Subha Mangala Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,541 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, reflecting a 10% increase. The value remained unchanged from 2017 to 2023.

What is the median guideline value in Mangadu -A?

The median guideline value for the 208 streets in Mangadu -A is Rs 1,870 per sq.ft. Subha Mangala Nagar's 2024 figure is below this median.

What are the stamp duty and registration fees for property in Subha Mangala Nagar?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000. This is based on the current guideline value.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. It handles registrations for Subha Mangala Nagar and surrounding areas.