Guideline Value for M A V Manickam Avenue All Streets

M A V Manickam Avenue All Streets guideline value

The current guideline value of M A V Manickam Avenue All Streets is Rs 660 per sq.ft. This street is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of M A V Manickam Avenue All Streets has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft as of 2024. The median guideline value in the village is Rs 1,100 per sq.ft, placing M A V Manickam Avenue All Streets below this median.

• Mav Mummurthi Avenue: Rs 1,650 per sq.ft (2024)
• M.A.V. Balamurugan Avenue: Rs 1,100 per sq.ft (2024)
• Mayana Salai: Rs 440 per sq.ft (2024)
• Manickam Avenue Main Road: Rs 660 per sq.ft (2024)
• M.M. Nagar Phase -3: Rs 1,650 per sq.ft (2024)
• Mumurthy Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in M A V Manickam Avenue All Streets

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,60,000. The stamp duty is charged at 7%, amounting to Rs 46,200, while the registration fee at 2% is Rs 13,200. Together, the total cost for stamp duty and registration fee is Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M A V Manickam Avenue All Streets?

The M A V Manickam Avenue All Streets is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in property transactions in Kaspapuram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling a property, the guideline value helps establish a baseline for the sale price, ensuring that the transaction is registered at a recognized value. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of M A V Manickam Avenue All Streets?

The current guideline value of M A V Manickam Avenue All Streets is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for M A V Manickam Avenue All Streets?

The land classification for M A V Manickam Avenue All Streets is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles transactions for this street?

The Tambaram Joint 1 Sub Registrar Office handles transactions for M A V Manickam Avenue All Streets, located at No.26, Mes Road, East Tambaram, Chennai-600059.