Guideline Value for AANDI MANYA THOTTAM

Aandi Manya Thottam guideline value

The current guideline value of Aandi Manya Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Aandi Manya Thottam has changed

The guideline value for Aandi Manya Thottam has seen several revisions over the years. Starting from Rs 898 per sq.ft in 2002, it increased to Rs 998 per sq.ft in 2003, marking an increase of 11%. The value remained unchanged at Rs 1,000 per sq.ft until 2007, after which it jumped to Rs 3,000 per sq.ft in 2012, reflecting a significant increase of 200%. The value remained stable at Rs 3,000 per sq.ft until the 2023 revision, which kept it the same before the latest increase to Rs 3,300 per sq.ft in 2024, showing a 10% rise.

It is important to note that there is no figure available for Aandi Manya Thottam in the 2017 revision. Overall, the guideline value has increased by 267% from 2002 to 2024.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Aandi Manya Thottam's 2024 figure below this median.

• Aandi Street: Rs 3,300 per sq.ft (2024)
• Abiramapuram 1st Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram 2nd Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram 3rd Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram 4th Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram East 1st Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Aandi Manya Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these charges would total Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Aandi Manya Thottam?

The Aandi Manya Thottam area is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aandi Manya Thottam?

The current guideline value of Aandi Manya Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 898 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over this period.

What is the median guideline value in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, with Aandi Manya Thottam's 2024 figure being below this median.

What are the stamp duty and registration fees for Aandi Manya Thottam?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Aandi Manya Thottam?

The Mylapore Sub Registrar Office handles registrations for Aandi Manya Thottam, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.