Guideline Value for Sarva Mangala Nagar 1st Street

Sarva Mangala Nagar 1st Street guideline value

The current guideline value of Sarva Mangala Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Sarva Mangala Nagar 1st Street has changed

The guideline value for Sarva Mangala Nagar 1st Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 4,000 per sq.ft. This figure changed to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. Subsequently, the value increased significantly to Rs 4,000 per sq.ft in 2023, and then further rose to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a notable change in the valuation over this period.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Sarva Mangala Nagar 1st Street's 2024 guideline value of Rs 4,400 per sq.ft is above this median.

• Sarva Mangala Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Sarva Mangala Nagar: Rs 4,400 per sq.ft (2024)
• Sarva Mangala Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Sarthar Padel Road: Rs 2,800 per sq.ft (2024)
• Rathnapuram Yerikkarai Street: Rs 2,800 per sq.ft (2024)
• S I P Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sarva Mangala Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarva Mangala Nagar 1st Street?

The Sarva Mangala Nagar 1st Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thalakanancherry. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sarva Mangala Nagar 1st Street?

The current guideline value of Sarva Mangala Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Sarva Mangala Nagar 1st Street?

Sarva Mangala Nagar 1st Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Sarva Mangala Nagar 1st Street?

The Alandur Sub Registrar Office handles the registration for Sarva Mangala Nagar 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.