Guideline Value for Manali Saravana Nagar

Manali Saravana Nagar guideline value

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

How the guideline value of Manali Saravana Nagar has changed

The guideline value for Manali Saravana Nagar has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,340 per sq.ft. This value increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In the village of 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, positioning Manali Saravana Nagar's 2024 figure above that median.

• 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)
• Manali Ramakrishna Avenue: 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 Saravana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manali Saravana Nagar?

The Sub Registrar Office that covers Manali Saravana Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial element in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction is compliant with local regulations. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Manali Saravana Nagar?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a total increase of 64% over the years.

What are the stamp duty and registration fees for property in Manali Saravana Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office should I visit for transactions in Manali Saravana Nagar?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers transactions in Manali Saravana Nagar.

What is the land classification for Manali Saravana Nagar?

Manali Saravana Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.