Guideline Value for MANIVANNAN NAGAR

Manivannan Nagar guideline value

The current guideline value of Manivannan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This village is part of the Cheyyur SRO and is classified as Mixed Type - II.

How the guideline value of Manivannan Nagar has changed

As per the guideline value register, there have been no recorded figures for Manivannan Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 300 per sq.ft in the 2023 revision, and it remains unchanged in the 2024 revision, reflecting a 0% change between these two years.

The current guideline value for Manivannan Nagar is consistent with the previous year's figure, indicating stability in the valuation for this street. The 2024 revision marks the first recorded figure for this street since 2017, maintaining the same value as in 2023.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for the area is Rs 101 per sq.ft, placing Manivannan Nagar's value above this median.

• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)
• Matha Koil Main Road: Rs 101 per sq.ft (2024)
• Magaliamman Koil Street: Rs 102 per sq.ft (2024)
• Mettu Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Manivannan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Manivannan Nagar?

The Sub Registrar Office that covers Manivannan Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process when buying or selling property in Cheyyur - A. It is used to determine the applicable stamp duty and registration fees, ensuring that both parties comply with the legal requirements during the transaction.

When a property is sold, the guideline value is compared to the sale price to assess the higher amount, which is then used for calculating the stamp duty. This ensures that the government receives the correct fees based on the property's value.

Frequently asked questions

What is the current guideline value of Manivannan Nagar?

The current guideline value of Manivannan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Manivannan Nagar has remained at Rs 300 per sq.ft from 2023 to 2024, with no recorded figures in the revisions from 2002 to 2017.

What is the median guideline value in Cheyyur - A?

The median guideline value in Cheyyur - A is Rs 101 per sq.ft, with Manivannan Nagar's value being above this median.

How is the stamp duty calculated for properties in Manivannan Nagar?

Stamp duty for properties in Manivannan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000.

Where can I find the Sub Registrar Office for Manivannan Nagar?

The Cheyyur Sub Registrar Office covers Manivannan Nagar and is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.