Guideline Value for Manapakkam Road

Manapakkam Road guideline value

The current guideline value of Manapakkam Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Mogalivakkam village, under the Kunrathur SRO, with a land classification of Mixed Special Type - I.

How the guideline value of Manapakkam Road has changed

The guideline value of Manapakkam Road has seen several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012. However, this figure decreased to Rs 2,144 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 3,200 per sq.ft, and the current revision in 2024 has set it at Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 682%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,970 per sq.ft, placing Manapakkam Road's 2024 figure above that median.

• Maragatham Chandrasekar Nagar: Rs 2,970 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 3,520 per sq.ft (2024)
• Mariamman Koil Street: Rs 2,970 per sq.ft (2024)
• Mahalakshmi Avenue: Rs 2,970 per sq.ft (2024)
• Maris Avenue: Rs 6,600 per sq.ft (2024)
• Madha Koil Road: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Manapakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Manapakkam Road?

The Sub Registrar Office that covers Manapakkam Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mogalivakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Manapakkam Road?

The current guideline value of Manapakkam Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 682% over this period.

What are the other streets in Mogalivakkam with their guideline values?

Other streets in Mogalivakkam include Maragatham Chandrasekar Nagar at Rs 2,970 per sq.ft, Mahalakshmi Nagar at Rs 3,520 per sq.ft, and Maris Avenue at Rs 6,600 per sq.ft, among others.

What are the stamp duty and registration fees for properties on Manapakkam Road?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for Manapakkam Road?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles registrations for Manapakkam Road.