Guideline Value for MANONMANIAN STREET (WARD -8)

Manonmanian Street (Ward -8) guideline value

The current guideline value of Manonmanian Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Manonmanian Street (Ward -8) has changed

The guideline value for Manonmanian Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,600 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 1,072 per sq.ft. However, from 2017 to 2023, the value significantly increased by 49%, reaching Rs 1,600 per sq.ft. The latest revision in 2024 has seen another increase of 10%, bringing the current value to Rs 1,760 per sq.ft.

It is important to note that there are no figures available for Manonmanian Street in the revisions for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Manonmanian Street's 2024 figure above this median.

• Manonmani Street (Ward -7): Rs 1,320 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)
• Mamarathu Gate Union Road (Per): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Manonmanian Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manonmanian Street (Ward -8)?

The Sub Registrar Office that covers Manonmanian Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Manonmanian Street (Ward -8)?

The current guideline value of Manonmanian Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Manonmani Street (Ward -7) at Rs 1,320 per sq.ft, Maraimalai Adigalar Street (Ward -4) at Rs 2,200 per sq.ft, and Mangayarkarasi Street (Ward -6) at Rs 1,760 per sq.ft.

What are the stamp duty and registration fees for properties in Manonmanian Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000, with stamp duty at Rs 1,23,200 and registration fee at Rs 35,200, totaling Rs 1,58,400.

Which office handles the registration for Manonmanian Street (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles the registration for Manonmanian Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.