Guideline Value for C.S.T Nagar Manimegalai Street Extn

C.S.T Nagar Manimegalai Street Extn guideline value

The current guideline value of C.S.T Nagar Manimegalai Street Extn is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of C.S.T Nagar Manimegalai Street Extn has changed

The guideline value for C.S.T Nagar Manimegalai Street Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Between the revisions, the guideline value saw significant changes. From 2017 to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, when comparing the figures from 2012 to 2024, there has been an increase of 8%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of C.S.T Nagar Manimegalai Street Extn is below this median.

• C.S.T Santhamma Nagar: Rs 1,300 per sq.ft (2024)
• Defence Colony: Rs 950 per sq.ft (2024)
• Club Road: Rs 2,200 per sq.ft (2024)
• Chritking School Street: Rs 950 per sq.ft (2024)
• Christudoss Street: Rs 950 per sq.ft (2024)
• Dhanalakshmi 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.T Nagar Manimegalai Street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.S.T Nagar Manimegalai Street Extn?

The Sub Registrar Office that covers C.S.T Nagar Manimegalai Street Extn is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when purchasing or selling property in Selaiyur. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of C.S.T Nagar Manimegalai Street Extn?

The current guideline value of C.S.T Nagar Manimegalai Street Extn is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase.

What is the land classification for C.S.T Nagar Manimegalai Street Extn?

C.S.T Nagar Manimegalai Street Extn is classified as Residential Class III Type - II.

What is the registration office for C.S.T Nagar Manimegalai Street Extn?

The registration office for C.S.T Nagar Manimegalai Street Extn is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in Selaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000, the stamp duty would be calculated at 7% of this amount.