Guideline Value for Manali Ramakrishna Avenue

Manali Ramakrishna Avenue guideline value

The current guideline value of Manali Ramakrishna Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Manali Ramakrishna Avenue has changed

The guideline value for Manali Ramakrishna Avenue has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a further increase of 10%.

There are no recorded guideline values for this street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, placing Manali Ramakrishna Avenue above this median.

• Manali Saravana Nagar: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar IIIrd Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar IInd Street: Rs 2,200 per sq.ft (2024)
• Manali Saravana Nagar Ist Street: Rs 2,200 per sq.ft (2024)
• Mangadu Main Road: Rs 1,980 per sq.ft (2024)
• Mangalapuram: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Manali Ramakrishna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Manali Ramakrishna Avenue?

The Sub Registrar Office that covers Manali Ramakrishna Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Mangadu -A. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of Manali Ramakrishna Avenue?

The current guideline value of Manali Ramakrishna Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Manali Ramakrishna Avenue?

Manali Ramakrishna Avenue is classified as Residential Special Type - I according to the guidelines set by the Registration Department.

Where can I find the registration office for this area?

The registration office for Manali Ramakrishna Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft would incur a stamp duty of Rs 1,54,000.