Guideline Value for MANJULA NAGAR

Manjula Nagar guideline value

The current guideline value of Manjula Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vichoor_B village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Manjula Nagar has changed

The guideline value for Manjula Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. The guideline value for Manjula Nagar is below this median.

• Meenakshi Nagar: Rs 330 per sq.ft (2024)
• Lakshmi Nagar/Ext: Rs 330 per sq.ft (2024)
• Lakshmi Nagar All Phase: Rs 330 per sq.ft (2024)
• Muthaalamman Nagar: Rs 330 per sq.ft (2024)
• Muthulakshmi Nagar: Rs 330 per sq.ft (2024)
• Kolaviziamman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Manjula Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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 details.

Which Sub Registrar Office covers Manjula Nagar?

The Sub Registrar Office that covers Manjula Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Vichoor_B, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can significantly impact the overall costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Manjula Nagar?

The current guideline value of Manjula Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, going from Rs 268 per sq.ft to Rs 440 per sq.ft.

What is the land classification of Manjula Nagar?

Manjula Nagar is classified as Residential Class I Type - II under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for a property in Manjula Nagar?

The stamp duty for a property in Manjula Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600.

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

The Sub Registrar Office covering Manjula Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more details online.