Guideline Value for Shanmuganandha koil Street

Shanmuganandha koil Street guideline value

The current guideline value of Shanmuganandha koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Shanmuganandha koil Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 1,870 per sq.ft. The guideline value of Shanmuganandha koil Street is above this median.

• Shanthi Nagar Bathrimedu: Rs 1,540 per sq.ft (2024)
• Shanthi Nagar Vannier Pattu: Rs 1,540 per sq.ft (2024)
• Senthurpuram: Rs 1,830 per sq.ft (2024)
• Senthamizh Nagar Phase III: Rs 2,200 per sq.ft (2024)
• Senthamizh Nagar: Rs 2,200 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Shanmuganandha koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanmuganandha koil Street?

The Sub Registrar Office that covers Shanmuganandha koil Street 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 is an important factor during property registration as it determines the stamp duty and registration fees payable. When buying or selling property, the higher of the guideline value or the sale price is used to calculate these fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Shanmuganandha koil Street?

The current guideline value of Shanmuganandha koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include Shanthi Nagar Bathrimedu and Shanthi Nagar Vannier Pattu at Rs 1,540 per sq.ft, Senthurpuram at Rs 1,830 per sq.ft, and Senthamizh Nagar and Senthamizh Nagar Phase III at Rs 2,200 per sq.ft.

What fees are associated with property transactions on this street?

The fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,98,000.

Where can I find the Sub Registrar Office for Shanmuganandha koil Street?

The Kunrathur Sub Registrar Office covers Shanmuganandha koil Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.