Guideline Value for Sri Mangalam Town

Sri Mangalam Town guideline value

The current guideline value of Sri Mangalam Town, located in Mangalam village under the Uthiramerur SRO, is Rs 180 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class III Type - IV.

How the guideline value of Sri Mangalam Town has changed

The guideline value for Sri Mangalam Town has remained consistent in recent years. The 2024 revision lists the value at Rs 180 per sq.ft, which is the same as the 2023 revision. Prior to these, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 to 2024 revision, there was no change in the guideline value, reflecting a steady rate of Rs 180 per sq.ft. This consistency indicates stability in the guideline value for this area over the past two years.

Guideline values in Mangalam

In Mangalam village, four streets under the Uthiramerur SRO have a 2024 guideline value ranging from Rs 180 to Rs 300 per sq.ft, with a median value of Rs 216 per sq.ft. The guideline value for Sri Mangalam Town is below this median, indicating a relatively lower rate compared to other streets.

• JMR Nagar: Rs 251 per sq.ft (2024)
• Dev Enterprises: Rs 180 per sq.ft (2024)
• Periyandavar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mangalam Town

For a 1,000 sq.ft plot at the current rate of Rs 180 per sq.ft, the guideline value amounts to Rs 1,80,000. The stamp duty at 7% would be Rs 12,600, and the registration fee at 2% would be Rs 3,600, totaling Rs 16,200. It is important to note that the 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 Sri Mangalam Town?

The Sub Registrar Office that covers Sri Mangalam Town is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sri Mangalam Town. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the regulatory framework set by the Registration Department.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This value is used to assess the applicable fees, making it essential for all parties involved in the transaction to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Sri Mangalam Town?

The current guideline value of Sri Mangalam Town is Rs 180 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 180 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Mangalam Town?

The land classification for Sri Mangalam Town is Residential Class III Type - IV, indicating the type of development permissible in this area.

What are the registration fees for property in Sri Mangalam Town?

For a property valued at Rs 1,80,000, the stamp duty is Rs 12,600 at 7%, and the registration fee is Rs 3,600 at 2%, totaling Rs 16,200.

Where is the Sub Registrar Office for Sri Mangalam Town located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.