Guideline Value for MACRO MARVAL 6TH LEFT CROSS STREET

Macro Marval 6th Left Cross Street guideline value

The current guideline value of Macro Marval 6th Left Cross Street is Rs 2,420 per sq.ft. This street is located in Manapakkam village under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Macro Marval 6th Left Cross Street has changed

The guideline value for Macro Marval 6th Left Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, but this figure decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and the latest revision in 2024 has established the current value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Between the years, the changes in guideline values are notable. From 2017 to 2023, there was a substantial increase of 49%. The revision from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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. The median guideline value in this area is Rs 2,530 per sq.ft, placing the 2024 figure for Macro Marval 6th Left Cross Street below the median.

• Macro Marval 5th Right Cross Street: Rs 2,420 per sq.ft (2024)
• Macro Marval 6th Right Cross Street: Rs 2,420 per sq.ft (2024)
• Macro Marval 5th Left Cross Street: Rs 2,420 per sq.ft (2024)
• Macro Marval 7th Left Cross Street: Rs 2,420 per sq.ft (2024)
• Macro Marval 4th Right Cross Street: Rs 2,420 per sq.ft (2024)
• Macro Marval 7th Right Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Macro Marval 6th Left Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. 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 Macro Marval 6th Left Cross Street?

The Sub Registrar Office that covers Macro Marval 6th Left Cross Street 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 information.

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 stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Macro Marval 6th Left Cross Street?

The current guideline value of Macro Marval 6th Left Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,420 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Macro Marval 6th Left Cross Street is Residential Class III Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000. The stamp duty is Rs 1,69,400, and the registration fee is Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for this area?

The Chennai South Joint I Sub Registrar Office handles registrations for Macro Marval 6th Left Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.