Guideline Value for MANNIKKAMMAL NAGAR

Mannikkammal Nagar guideline value

The current guideline value of Mannikkammal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Dalvaipattadai village and falls under the Pallipattu SRO. The land classification for this locality is Residential Class I Type - III.

How the guideline value of Mannikkammal Nagar has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The guideline value remained unchanged at Rs 300 per sq.ft in the 2024 revision, resulting in a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Mannikkammal Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Dalvaipattadai

In Dalvaipattadai, there are six streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 605 per sq.ft. The median guideline value in this area is Rs 351 per sq.ft, placing Mannikkammal Nagar's 2024 figure below that median.

• N.S.K. Nagar: Rs 420 per sq.ft (2024)
• Ibrahim Nagar: Rs 351 per sq.ft (2024)
• Sri Lakshmi Ganesh Nagar: Rs 250 per sq.ft (2024)
• Sai Baba Nagar: Rs 350 per sq.ft (2024)
• Vip City: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Mannikkammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to 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 and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mannikkammal Nagar?

The Sub Registrar Office that covers Mannikkammal Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in Dalvaipattadai. It is essential to consider the guideline value as it directly affects the costs associated with property transactions.

When registering a property, the guideline value is used to calculate the applicable duties and fees. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mannikkammal Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and it remains unchanged in 2024. Overall, there has been a 49% increase from 2017 to 2024.

What is the land classification for Mannikkammal Nagar?

Mannikkammal Nagar is classified as Residential Class I Type - III. This classification is important for understanding the usage and regulations applicable to the area.

Where can I find the registration office for Mannikkammal Nagar?

The registration office for Mannikkammal Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated for properties in Mannikkammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.