Guideline Value for Sadras Salai Mangalam

Sadras Salai Mangalam guideline value

The current guideline value of Sadras Salai Mangalam is Rs 805 per sq.ft, effective from 1 July 2024. This property is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - III land.

How the guideline value of Sadras Salai Mangalam has changed

Over the years, the guideline value for Sadras Salai Mangalam has undergone several revisions. The most recent revision in 2024 set the value at Rs 805 per sq.ft, which is a slight increase from Rs 800 per sq.ft in 2023. Prior to that, the value was significantly lower at Rs 536 per sq.ft in 2017. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to 2023, the value increased by 49%, and the overall change from 2017 to 2024 reflects a 50% rise. The increase from 2023 to 2024 was 1%, indicating a gradual upward trend in the guideline value.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Sadras Salai Mangalam's 2024 figure above this median.

• Sadras Salai: Rs 1,005 per sq.ft (2024)
• Sadras Salai Thirukkalukundram: Rs 1,005 per sq.ft (2024)
• Sadras Soorappan Salai: Rs 1,100 per sq.ft (2024)
• Ruthirankoil West Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Sadras Salai Mangalam

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total cost for these fees to Rs 72,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadras Salai Mangalam?

The Sub Registrar Office that covers Sadras Salai Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring a standard for tax calculations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sadras Salai Mangalam?

The current guideline value of Sadras Salai Mangalam is Rs 805 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 805 per sq.ft in 2024, reflecting a 50% increase over this period.

What is the land classification for Sadras Salai Mangalam?

Sadras Salai Mangalam is classified as Mixed Type - III land, which indicates its suitability for various types of development.

How is stamp duty calculated for properties in Sadras Salai Mangalam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 8,05,000 would incur a stamp duty of Rs 56,350.

Where can I find the Sub Registrar Office for Sadras Salai Mangalam?

The Sub Registrar Office for Sadras Salai Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.