Guideline Value for MANTHAIVELI 1st CROSS STREET

MANTHAIVELI 1st CROSS STREET guideline value

The current guideline value of MANTHAIVELI 1st CROSS STREET is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of MANTHAIVELI 1st CROSS STREET has changed

Over the years, the guideline value for MANTHAIVELI 1st CROSS STREET has seen significant changes. The 2017 revision recorded a value of Rs 50 per sq.ft. Following that, the 2023 revision increased it to Rs 100 per sq.ft, marking a 100% increase. The most recent revision in 2024 has set the value at Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 101 per sq.ft, making MANTHAIVELI 1st CROSS STREET's 2024 figure equal to the median.

• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• Manivannan Nagar: Rs 300 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)
• Matha Koil Main Road: Rs 101 per sq.ft (2024)
• Mettu Street: Rs 101 per sq.ft (2024)
• Magaliamman Koil Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in MANTHAIVELI 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total costs together to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MANTHAIVELI 1st CROSS STREET?

The MANTHAIVELI 1st CROSS STREET falls under the jurisdiction of the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor when registering property transactions in Cheyyur - A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a property is bought or sold, the guideline value helps determine the minimum value at which the property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of MANTHAIVELI 1st CROSS STREET?

The current guideline value of MANTHAIVELI 1st CROSS STREET is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 50 per sq.ft in 2017 to Rs 101 per sq.ft in 2024, which is an overall increase of 102%.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,01,000, the stamp duty would be Rs 7,070 and the registration fee would be Rs 2,020, totaling Rs 9,090.

Which office handles registrations for MANTHAIVELI 1st CROSS STREET?

The Cheyyur Sub Registrar Office handles registrations for MANTHAIVELI 1st CROSS STREET, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What is the land classification for MANTHAIVELI 1st CROSS STREET?

MANTHAIVELI 1st CROSS STREET is classified as Residential Class IV Type - I.