Guideline Value for MANTHOPPU ST

Manthoppu St guideline value

The current guideline value of Manthoppu St in Paleripattu village, Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Manthoppu St has changed

The guideline value for Manthoppu St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, which is equal to the current value of Manthoppu St.

• Mariyamman Koil St: Rs 801 per sq.ft (2024)
• Lasar Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 9th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 8th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 7th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 6th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Manthoppu St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manthoppu St?

The Sub Registrar Office that covers Manthoppu St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Paleripattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall transaction costs. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Manthoppu St?

The current guideline value of Manthoppu St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Manthoppu St?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 89,100.

Which office handles registrations for Manthoppu St?

The Avadi Sub Registrar Office handles registrations for Manthoppu St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Manthoppu St?

Manthoppu St falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.