Guideline Value for Compact Homes -Manjari

Compact Homes -Manjari guideline value

The current guideline value of Compact Homes -Manjari is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Compact Homes -Manjari has changed

The guideline value for Compact Homes -Manjari has seen significant changes over the years. The 2017 revision recorded a value of Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, marking a 47% increase from 2023 and a 49% increase from 2017.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 119%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Compact Homes -Manjari is above this median.

• Cosmocity: Rs 1,320 per sq.ft (2024)
• Cosmo city-II: Rs 1,320 per sq.ft (2024)
• Cosmo city ph.III: Rs 1,320 per sq.ft (2024)
• Cosmo city ph.IV: Rs 1,320 per sq.ft (2024)
• Cosmo city (south): Rs 1,320 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,100 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, together amounting to Rs 1,18,800. Please 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 Compact Homes -Manjari?

The Sub Registrar Office that covers Compact Homes -Manjari is 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 B

The guideline value is a crucial factor when buying or selling property in Mevaloorkuppam B. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When you approach the registration office, the guideline value will be considered alongside the sale price. The higher of the two will be used to calculate the stamp duty, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

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

The current guideline value of Compact Homes -Manjari is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 119% over this period.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft, while the guideline value for Compact Homes -Manjari is above this median.

What are the stamp duty rates for properties in this area?

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

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

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