Guideline Value for West Street Mangalam

West Street Mangalam guideline value

The current guideline value of West Street Mangalam is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of West Street Mangalam has changed

The guideline value for West Street Mangalam has seen several revisions over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The most recent revision in 2024 continues this value at Rs 400 per sq.ft, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the changes noted are strictly between the 2017, 2023, and 2024 revisions, showing a consistent guideline value of Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from 2017 to 2023 and overall from 2017 to 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. West Street Mangalam's 2024 figure of Rs 400 per sq.ft is below this median.

• West Kulam Street: Rs 400 per sq.ft (2024)
• wahab Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C.Nagar: Rs 600 per sq.ft (2024)
• Vellazhar Street: Rs 600 per sq.ft (2024)
• Varasithi Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Vaniyar Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in West Street Mangalam

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Street Mangalam?

The Sub Registrar Office that covers West Street Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirukalukundrem A. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property registration. This value is updated periodically, reflecting changes in the real estate landscape of the area.

Frequently asked questions

What is the current guideline value of West Street Mangalam?

The current guideline value of West Street Mangalam is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for West Street Mangalam increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and remained the same for the 2024 revision, reflecting a 49% increase overall since 2017.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, with West Street Mangalam's 2024 figure of Rs 400 per sq.ft being below this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. The duty is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for West Street Mangalam?

The Sub Registrar Office for West Street Mangalam is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.