Guideline Value for MANONMANI STREET (WARD -7)

Manonmani Street (Ward -7) guideline value

The current guideline value of Manonmani Street (Ward -7) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Manonmani Street (Ward -7) has changed

The guideline value for Manonmani Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was later reduced to Rs 804 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision has further increased it to Rs 1,321 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 10% from 2023 to 2024, while it saw a significant increase of 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Manonmani Street's 2024 figure above this median.

• Manonmanian Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Maraimalai Adigalar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Manimegalai Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Manickavasagar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Mangayarkarasi Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Marudhiruvar Street (Ward -8): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Manonmani Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total cost together to Rs 1,18,890. 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 detailed calculations.

Which Sub Registrar Office covers Manonmani Street (Ward -7)?

The Sub Registrar Office covering Manonmani Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Manonmani Street (Ward -7)?

The current guideline value of Manonmani Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Manonmani Street (Ward -7)?

Manonmani Street (Ward -7) is classified as Residential Special Type - V.

How does the guideline value compare to other streets in Ninna Karai?

The guideline value of Rs 1,321 per sq.ft for Manonmani Street is above the median value of Rs 1,100 per sq.ft in Ninna Karai, where values range from Rs 440 to Rs 3,500 per sq.ft.

What is the registration office for Manonmani Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office covers Manonmani Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.