Guideline Value for MANTHAIVELI 2nd CROSS STREET

MANTHAIVELI 2nd CROSS STREET guideline value

The current guideline value of MANTHAIVELI 2nd CROSS STREET is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of MANTHAIVELI 2nd CROSS STREET has changed

The guideline value for MANTHAIVELI 2nd CROSS STREET has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 101 per sq.ft, an increase of 1% from the 2023 revision, which was Rs 100 per sq.ft. Prior to that, in 2017, the value was Rs 50 per sq.ft, marking a significant increase of 100% to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%. This reflects the changes over the years, culminating in the current rate that aligns with the median guideline value for the area.

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, which is equal to the 2024 figure for MANTHAIVELI 2nd CROSS STREET. Below are other streets in Cheyyur - A:

• MANTHAIVELI 1st 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 2nd CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the 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, totaling Rs 9,090. It is important to note that 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 2nd CROSS STREET?

The MANTHAIVELI 2nd 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 in the registration process for property transactions in Cheyyur - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is compliant with local regulations and reflects the value of the property as assessed by the authorities.

Frequently asked questions

What is the current guideline value of MANTHAIVELI 2nd CROSS STREET?

The current guideline value of MANTHAIVELI 2nd CROSS STREET is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 101 per sq.ft in 2024, marking an overall increase of 102% over this period.

What are the stamp duty and registration fees for property in this area?

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 Sub Registrar Office covers MANTHAIVELI 2nd CROSS STREET?

The Cheyyur Sub Registrar Office covers MANTHAIVELI 2nd CROSS STREET, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What is the land classification for MANTHAIVELI 2nd CROSS STREET?

MANTHAIVELI 2nd CROSS STREET is classified as Residential Class IV Type - I.