Guideline Value for Vedagiris Mount City Part - II

Vedagiris Mount City Part - II guideline value

The current guideline value of Vedagiris Mount City Part - II is Rs 575 per sq.ft, effective from 1 July 2024. This property is located in Mangalam village, under the Thirukazhukundram SRO, and is classified as Residential Special Type - II.

How the guideline value of Vedagiris Mount City Part - II has changed

The guideline value for Vedagiris Mount City Part - II has remained consistent at Rs 575 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

As such, the only revisions available are from 2023 and 2024, both of which reflect a guideline value of Rs 575 per sq.ft, indicating no change between these two years.

Guideline values in Mangalam

In Mangalam village, there are 15 streets under the Thirukazhukundram SRO that carry a 2024 guideline value. The values range from Rs 350 to Rs 1,300 per sq.ft, with the median value being Rs 575 per sq.ft, which is equal to the guideline value of Vedagiris Mount City Part - II.

• Sri Sai Vignesh Nagar: Rs 801 per sq.ft (2024)
• Sri Sai Ganesh Nagar Phase II: Rs 600 per sq.ft (2024)
• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)
• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Ram Avenue: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Vedagiris Mount City Part - II

For a 1,000 sq.ft plot at the current guideline value of Rs 575 per sq.ft, the total guideline value amounts to Rs 5,75,000. The stamp duty at 7% would be Rs 40,250, and the registration fee at 2% would be Rs 11,500, bringing the total fees together to Rs 51,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Vedagiris Mount City Part - II?

The Vedagiris Mount City Part - II is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mangalam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vedagiris Mount City Part - II?

The current guideline value of Vedagiris Mount City Part - II is Rs 575 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 575 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Vedagiris Mount City Part - II?

Vedagiris Mount City Part - II is classified as Residential Special Type - II, which indicates its intended use for residential purposes within the area.

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

For a 1,000 sq.ft plot valued at Rs 5,75,000, the stamp duty would be Rs 40,250 and the registration fee would be Rs 11,500, totaling Rs 51,750. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Vedagiris Mount City Part - II is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.