Guideline Value for MANOGARI AVENUE

Manogari Avenue guideline value

The current guideline value of Manogari Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Melamaiyur village, under the Chengleput Joint I SRO, and is classified as Mixed Special Type - I.

How the guideline value of Manogari Avenue has changed

The guideline value for Manogari Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 raised the guideline value further to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Melamaiyur

In Melamaiyur, there are 37 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,212 per sq.ft, placing Manogari Avenue's 2024 value above this median.

• Manickam Nagar: Rs 825 per sq.ft (2024)
• Melamaiyur Colony: Rs 440 per sq.ft (2024)
• Melamaiyur New Colony: Rs 1,322 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,212 per sq.ft (2024)
• Lake Avenue: Rs 1,322 per sq.ft (2024)
• Nandhagopal Nagar: Rs 1,322 per sq.ft (2024)

Stamp duty and registration fee for property in Manogari Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees Rs 1,48,500. It is important to note that 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 Manogari Avenue?

The Sub Registrar Office covering Manogari Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Melamaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Manogari Avenue?

The current guideline value of Manogari Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Manogari Avenue?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Manogari Avenue?

The Chengleput Joint I Sub Registrar Office handles registrations for Manogari Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the guideline values for other streets in Melamaiyur?

Other streets in Melamaiyur have varying guideline values, with rates ranging from Rs 440 to Rs 3,000 per sq.ft. For example, Melamaiyur Colony has a value of Rs 440 per sq.ft, while Melamaiyur New Colony is valued at Rs 1,322 per sq.ft.