Guideline Value for MANTHOPPU SALAI

Manthoppu Salai guideline value

The current guideline value of Manthoppu Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class I Type - I.

How the guideline value of Manthoppu Salai has changed

The guideline value for Manthoppu Salai has undergone several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. The value saw a significant increase of 49% to Rs 3,000 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 3,300 per sq.ft in 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Manthoppu Salai's 2024 figure above this median.

• Manthoppu Garden: Rs 2,200 per sq.ft (2024)
• Manimekalai Garden: Rs 1,100 per sq.ft (2024)
• Manickam Garden: Rs 1,100 per sq.ft (2024)
• Mandaveli Thidal: Rs 2,200 per sq.ft (2024)
• Mayana Salai: Rs 2,200 per sq.ft (2024)
• Manavalan Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Manthoppu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manthoppu Salai?

The Sub Registrar Office covering Manthoppu Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Uthandi. It is used to determine the stamp duty and registration fees payable when buying or selling a property.

When a property is sold, the guideline value serves as a benchmark for the transaction value. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Manthoppu Salai?

The current guideline value of Manthoppu Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and is now Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Uthandi?

The median guideline value for streets in Uthandi is Rs 1,700 per sq.ft, with Manthoppu Salai's 2024 figure being above this median.

What are the stamp duty rates for property in Manthoppu Salai?

The stamp duty rate for property transactions in Manthoppu Salai is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Manthoppu Salai?

The Neelankarai Sub Registrar Office covers Manthoppu Salai and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.