Guideline Value for Compact Homes -Manjari

Compact Homes -Manjari guideline value

The current guideline value of Compact Homes -Manjari is Rs 900 per sq.ft. This property is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Compact Homes -Manjari has changed

Over the years, the guideline value of Compact Homes -Manjari has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged through the 2017 revision. In 2017, the value was Rs 603 per sq.ft, marking a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 900 per sq.ft, and the same was carried into the 2024 revision, resulting in no change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 900 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,400 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, placing the 2024 figure for Compact Homes -Manjari above this median.

• Compact Home Niranjana: Rs 1,075 per sq.ft (2024)
• Cosmocity: Rs 900 per sq.ft (2024)
• Cosmo city-II: Rs 900 per sq.ft (2024)
• Cosmo city ph.III: Rs 900 per sq.ft (2024)
• Cosmo city ph.IV: Rs 900 per sq.ft (2024)
• Cosmo city (south): Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Compact Homes -Manjari

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Compact Homes -Manjari?

The Compact Homes -Manjari property is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mevaloorkuppam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees during the sale or purchase of property.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the Registration Department. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Compact Homes -Manjari?

The current guideline value of Compact Homes -Manjari is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The 2012 revision was set at Rs 900 per sq.ft, while the 2017 revision was Rs 603 per sq.ft.

What is the land classification of Compact Homes -Manjari?

Compact Homes -Manjari is classified as Residential Special Type - I, which indicates its purpose for residential development.

What is the stamp duty rate for property in Compact Homes -Manjari?

The stamp duty rate for property transactions in Compact Homes -Manjari is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Compact Homes -Manjari?

The Sub Registrar Office covering Compact Homes -Manjari is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.