Guideline Value for MANORANJITHAM STREET

Manoranjitham Street guideline value

The current guideline value of Manoranjitham Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Manoranjitham Street has changed

The guideline value for Manoranjitham Street has experienced several revisions over the years. Starting from the 2007 revision, the value was Rs 100 per sq.ft. It saw a significant increase to Rs 625 per sq.ft in 2012, followed by a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The jump from 2007 to 2012 was remarkable, with a 525% rise. Overall, from 2007 to 2024, the guideline value has increased by 526%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kakkalur

In Kakkalur village, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the 2024 guideline value of Manoranjitham Street.

• Mariannai Street: Rs 626 per sq.ft (2024)
• Maligai Street: Rs 626 per sq.ft (2024)
• M.D.M. Nagar: Rs 800 per sq.ft (2024)
• Magilam Poo Street: Rs 626 per sq.ft (2024)
• Maaveeran Durai Samy Nagar: Rs 626 per sq.ft (2024)
• M.P. City(22/2.22/3): Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Manoranjitham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total to Rs 56,340. The duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manoranjitham Street?

The Sub Registrar Office that covers Manoranjitham Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kakkalur. It serves as a reference point for determining the appropriate stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered. This helps in maintaining transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Manoranjitham Street?

The current guideline value of Manoranjitham Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, showing an overall increase of 526% over the years.

What is the land classification for Manoranjitham Street?

Manoranjitham Street is classified as Residential Class II Type - III.

What is the stamp duty for property in Manoranjitham Street?

The stamp duty for property in Manoranjitham Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Manoranjitham Street located?

The Sub Registrar Office for Manoranjitham Street is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.