Guideline Value for MANIMEGALAI NAGAR

Manimegalai Nagar guideline value

The current guideline value of Manimegalai Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Aamoor_2 village under the Ponneri Sub Registrar Office (SRO) in the Chennai zone. The land classification for this area is Residential Class II Type - I.

How the guideline value of Manimegalai Nagar has changed

The guideline value for Manimegalai Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 67 per sq.ft. For the years 2012, 2007, 2003, and 2002, the register has no figure for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value as well, with no change from 2023 to 2024.

Guideline values in Aamoor_2

In Aamoor_2, the guideline value for Manimegalai Nagar is currently set at Rs 100 per sq.ft. There are no figures available for other streets in Aamoor_2 under the Ponneri SRO.

Stamp duty and registration fee for property in Manimegalai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, while the registration fee is at 2%, amounting to Rs 2,000. Together, the total cost for stamp duty and registration fee would be Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manimegalai Nagar?

The Sub Registrar Office that covers Manimegalai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Aamoor_2

The guideline value is an important factor when buying or selling property in Aamoor_2. It serves as a benchmark for calculating stamp duty and registration fees, which are essential components of the property transaction process.

When registering a property, the guideline value is used to determine the applicable fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Manimegalai Nagar?

The current guideline value of Manimegalai Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The 2023 revision maintained the value at Rs 100 per sq.ft, the same as the upcoming 2024 revision.

What is the land classification for Manimegalai Nagar?

The land classification for Manimegalai Nagar is Residential Class II Type - I.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total cost for stamp duty and registration fees would be Rs 9,000 based on the current guideline value.