Guideline Value for MANTHAVELIYAMMAN KOVIL ST

Manthaveliyamman Kovil St guideline value

The current guideline value of Manthaveliyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Manthaveliyamman Kovil St has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. Following this, from 2017 to the 2023 revision, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft. The 2023 revision maintained this value, and the 2024 revision continues at Rs 750 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the current guideline value of Manthaveliyamman Kovil St.

• Maratiya Kasayakara Street: Rs 750 per sq.ft (2024)
• Mariyamman Kovil St: Rs 750 per sq.ft (2024)
• Marvel Residency: Rs 1,000 per sq.ft (2024)
• Masoothi St: Rs 750 per sq.ft (2024)
• Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
• Masthan Vali Darga St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Manthaveliyamman Kovil St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Manthaveliyamman Kovil St?

The Sub Registrar Office that covers Manthaveliyamman Kovil St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This helps in maintaining a standardized process for property transactions in the region.

Frequently asked questions

What is the current guideline value of Manthaveliyamman Kovil St?

The current guideline value of Manthaveliyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing it remained at Rs 750 per sq.ft from 2012 to 2024, despite a decrease to Rs 502 per sq.ft in 2017.

What is the land classification for Manthaveliyamman Kovil St?

Manthaveliyamman Kovil St is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Where is the Sub Registrar Office located for this area?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles all property registrations in the area.