Guideline Value for Manaliramakishna Nagar

Manaliramakishna Nagar guideline value

The current guideline value of Manaliramakishna Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this locality is Residential Class IV Type - II.

How the guideline value of Manaliramakishna Nagar has changed

The guideline value for Manaliramakishna Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing the 2024 figure for Manaliramakishna Nagar below this median.

• Mamallan Theru: Rs 2,310 per sq.ft (2024)
• Manavala Nagar: Rs 2,310 per sq.ft (2024)
• Mahalaxmi Nagar: Rs 2,640 per sq.ft (2024)
• Manikkavasakar Street: Rs 1,650 per sq.ft (2024)
• Manimegalai Street: Rs 2,310 per sq.ft (2024)
• Manju Garden: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Manaliramakishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost of duty and registration Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Manaliramakishna Nagar?

The Sub Registrar Office that covers Manaliramakishna Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, they must consider the guideline value to ensure compliance with the legal requirements for registration. This value helps in calculating the total costs associated with the transaction, including applicable duties and fees.

Frequently asked questions

What is the current guideline value of Manaliramakishna Nagar?

The current guideline value of Manaliramakishna Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The overall change from 2012 to 2024 reflects a 10% increase.

What is the land classification for Manaliramakishna Nagar?

The land classification for Manaliramakishna Nagar is Residential Class IV Type - II, indicating the type of development permissible in this area.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for properties in Manaliramakishna Nagar?

The Padappai Sub Registrar Office handles registrations for properties in Manaliramakishna Nagar. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.