Guideline Value for MANJU FOUNDATION STREET SYNNOT

Manju Foundation Street Synnot guideline value

The current guideline value of Manju Foundation Street Synnot is Rs 3,180 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Industries Type - II.

How the guideline value of Manju Foundation Street Synnot has changed

The guideline value for Manju Foundation Street Synnot has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft. This increased to Rs 3,005 per sq.ft in the 2023 revision, marking a significant rise of 50%. The latest revision in 2024 further increased the guideline value to Rs 3,180 per sq.ft, reflecting a change of 6% from the previous year. The overall increase from the 2017 revision to the 2024 revision is 58%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,900 per sq.ft, placing Manju Foundation Street Synnot's 2024 figure above this median.

• Manoranjitham Nagar: Rs 3,300 per sq.ft (2024)
• Mambakkam Main Road: Rs 3,300 per sq.ft (2024)
• Maigai Vinayagar Koil Street: Rs 2,900 per sq.ft (2024)
• Maheswar Nagar: Rs 2,900 per sq.ft (2024)
• Madambakkam Main Road: Rs 2,850 per sq.ft (2024)
• M.G.R. Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Manju Foundation Street Synnot

For a 1,000 sq.ft plot at the current guideline value of Rs 3,180 per sq.ft, the total guideline value amounts to Rs 31,80,000. The stamp duty at 7% would be Rs 2,22,600, and the registration fee at 2% would be Rs 63,600, bringing the total cost together to Rs 2,86,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manju Foundation Street Synnot?

The Sub Registrar Office that covers Manju Foundation Street Synnot is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Chitthalapakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's value.

During the registration process, buyers and sellers must be aware that the stamp duty and registration fees are charged on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the fees will be based on the sale price instead.

Frequently asked questions

What is the current guideline value of Manju Foundation Street Synnot?

The current guideline value of Manju Foundation Street Synnot is Rs 3,180 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,180 per sq.ft in 2024, marking an overall increase of 58% over this period.

What is the land classification for Manju Foundation Street Synnot?

Manju Foundation Street Synnot is classified as Industries Type - II, indicating its suitability for industrial purposes.

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

For a property valued at the current guideline value of Rs 31,80,000, the stamp duty would be Rs 2,22,600 and the registration fee would be Rs 63,600, totaling Rs 2,86,200.

Where is the Sub Registrar Office for Manju Foundation Street Synnot located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.