Guideline Value for MANONMANI STREET (WARD -7)

Manonmani Street (Ward -7) guideline value

The current guideline value of Manonmani Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, and it is classified as Residential Special Type - V.

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

Over the years, the guideline value of Manonmani Street has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 804 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision had the value at Rs 1,200 per sq.ft, which was a decrease of -33% from the 2017 value.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, positioning Manonmani Street's 2024 value 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 1,320 per sq.ft (2024)
• Manickavasagar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Mangayarkarasi Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Marudhiruvar Street (Ward -8): Rs 1,320 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. The total cost for stamp duty and registration would be Rs 1,18,800. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Manonmani Street (Ward -7) is the Chengleput Joint II 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 Panangottur

The guideline value is a crucial factor when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is sold, the registration process will involve calculating stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase of +10% from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. From 2017 to 2023, it increased by +49% from Rs 804 per sq.ft.

What is the land classification for Manonmani Street?

Manonmani Street is classified as Residential Special Type - V, indicating its designated use for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Manonmani Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 92,400 at 7% of Rs 13,20,000.