Guideline Value for ARIJANA MAYANA SALAI

Arijana Mayana Salai guideline value

The current guideline value of Arijana Mayana Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village under the Chennai South Joint I SRO, classified as Residential Class V Type - III.

How the guideline value of Arijana Mayana Salai has changed

Over the years, the guideline value for Arijana Mayana Salai has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following that, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Arijana Mayana Salai is below this median.

• Arcot Road 2nd Lane: Rs 6,600 per sq.ft (2024)
• Arcot Main Road / 1st Lane: Rs 6,600 per sq.ft (2024)
• Anna Salai (Anna Street): Rs 2,200 per sq.ft (2024)
• Anna Road Cross Street: Rs 2,420 per sq.ft (2024)
• Ashtalakshmi Avenue 2nd Street: Rs 3,300 per sq.ft (2024)
• Ashtalakshmi Avenue Right Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arijana Mayana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Arijana Mayana Salai?

The Sub Registrar Office that covers Arijana Mayana Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a buyer purchases a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly in the official records.

Frequently asked questions

What is the current guideline value of Arijana Mayana Salai?

The current guideline value of Arijana Mayana Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Arijana Mayana Salai?

Arijana Mayana Salai is classified as Residential Class V Type - III.

What is the median guideline value in Manapakkam?

The median guideline value for streets in Manapakkam is Rs 2,530 per sq.ft, while Arijana Mayana Salai's value is below this median.

Where can I find the Sub Registrar Office for Arijana Mayana Salai?

The Sub Registrar Office for Arijana Mayana Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.