Guideline Value for MANOHARAN'S ENCLAVE

Manoharan's Enclave guideline value

The current guideline value of Manoharan's Enclave is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in the Sholinganallur - 2 village under the Neelankarai SRO, classified as Residential Special Type - II.

How the guideline value of Manoharan's Enclave has changed

The guideline value for Manoharan's Enclave has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 6,000 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value was Rs 6,000 per sq.ft. The lack of figures in the register for the previous years indicates that the value had not been established for Manoharan's Enclave until the 2023 revision.

Guideline values in Sholinganallur - 2

In the Sholinganallur - 2 village, there are 40 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 8,650 per sq.ft, with a median value of Rs 4,400 per sq.ft. Manoharan's Enclave's 2024 figure of Rs 6,600 per sq.ft is above this median.

• Adityaram Township Phase I: Rs 6,600 per sq.ft (2024)
• Adityaram Palace City Pradise: Rs 6,600 per sq.ft (2024)
• Adityaram Heaven: Rs 7,200 per sq.ft (2024)
• Adityaram Nagar: Rs 1,700 per sq.ft (2024)
• Adityaram Palace City-Royal: Rs 8,650 per sq.ft (2024)
• Adityaram Township Phase-II: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Manoharan's Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. Please 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 Manoharan's Enclave?

The Sub Registrar Office that covers Manoharan's Enclave is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 2

The guideline value is a crucial factor in property transactions in Sholinganallur - 2, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Manoharan's Enclave?

The current guideline value of Manoharan's Enclave is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Manoharan's Enclave?

Manoharan's Enclave is classified as Residential Special Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Manoharan's Enclave?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 5,94,000.

Which office handles the registration for Manoharan's Enclave?

The Neelankarai Sub Registrar Office handles the registration for Manoharan's Enclave, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.