Guideline Value for MANI NAIDU GARDEN

Mani Naidu Garden guideline value

The current guideline value of Mani Naidu Garden is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Medur village, under the Ponneri SRO, and is classified as Residential Special Type - IV.

How the guideline value of Mani Naidu Garden has changed

According to the guideline value register, there are no figures available for Mani Naidu Garden for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded a guideline value of Rs 450 per sq.ft. The latest revision in 2024 has maintained the same guideline value of Rs 450 per sq.ft, indicating no percentage change from the previous year.

This consistency in the guideline value suggests stability in the pricing for this area, with the 2024 figure being the same as that of 2023, reflecting a +0% change between these two revisions.

Guideline values in Medur

In Medur, there are six streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing Mani Naidu Garden's 2024 figure above this median.

• Lucky Star City: Rs 250 per sq.ft (2024)
• New Bhairavi Garden: Rs 200 per sq.ft (2024)
• Royal Green city Phase -III: Rs 200 per sq.ft (2024)
• A.R.Garden: Rs 200 per sq.ft (2024)
• Thirumagal Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mani Naidu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total cost for these fees to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Mani Naidu Garden?

The Sub Registrar Office that covers Mani Naidu Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Medur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property in Mani Naidu Garden, both parties must be aware of the guideline value, as it directly impacts the financial obligations involved in the transaction. This ensures transparency and compliance with legal requirements during the property registration process.

Frequently asked questions

What is the current guideline value of Mani Naidu Garden?

The current guideline value of Mani Naidu Garden is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mani Naidu Garden has remained at Rs 450 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Mani Naidu Garden?

Mani Naidu Garden is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office for Mani Naidu Garden located?

The Ponneri Sub Registrar Office covers Mani Naidu Garden and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Mani Naidu Garden?

Stamp duty for properties in Mani Naidu Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 40,500, including stamp duty and registration fees.