Guideline Value for Sri Mangal Avenue Phase - II

Sri Mangal Avenue Phase - II guideline value

The current guideline value of Sri Mangal Avenue Phase - II is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Ozhalur village and falls under the Chengleput Joint I SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Mangal Avenue Phase - II has changed

The guideline value for Sri Mangal Avenue Phase - II has remained consistent at Rs 350 per sq.ft since the 2023 revision, which also set the value at Rs 350 per sq.ft. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the 2024 revision shows no change from the previous year's figure, indicating a stable guideline value over the past two years.

Guideline values in Ozhalur

In Ozhalur, there are 13 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 672 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sri Mangal Avenue Phase - II is above this median.

• Sri Mangal Avenue: Rs 300 per sq.ft (2024)
• Sri Sai Nagar: Rs 250 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 250 per sq.ft (2024)
• Sakthi Vinayaga Nagar: Rs 250 per sq.ft (2024)
• Sakthi Subbarayan Nagar: Rs 250 per sq.ft (2024)
• Sakthi Nagar: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mangal Avenue Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Mangal Avenue Phase - II?

The Sub Registrar Office that covers Sri Mangal Avenue Phase - II is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ozhalur. It serves as a reference for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Mangal Avenue Phase - II?

The current guideline value of Sri Mangal Avenue Phase - II is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision, showing no change from the previous year. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other guideline values in Ozhalur?

Other streets in Ozhalur have guideline values ranging from Rs 250 to Rs 650 per sq.ft. The median value for the area is Rs 300 per sq.ft, with Sri Mangal Avenue Phase - II being above this median.

What is the registration fee for property in Sri Mangal Avenue Phase - II?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,50,000, the registration fee would be Rs 7,000 at 2%.

Where is the Sub Registrar Office for Sri Mangal Avenue Phase - II located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles the registration of properties in the area.