Guideline Value for Manavala Mamuni Koil Lane

Manavala Mamuni Koil Lane guideline value

The current guideline value of Manavala Mamuni Koil Lane is Rs 1,100 per sq.ft, effective from 1 July 2024. This lane is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Manavala Mamuni Koil Lane has changed

The guideline value for Manavala Mamuni Koil Lane has remained stable at Rs 1,100 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 737 per sq.ft, marking a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only available figures are from the 2017, 2023, and 2024 revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, indicating that Manavala Mamuni Koil Lane's 2024 figure is above this median.

• Manavala Mamuni Koil Street: Rs 1,100 per sq.ft (2024)
• Mahendra Nagar: Rs 1,000 per sq.ft (2024)
• Mahathma Ganthi Nagar: Rs 1,200 per sq.ft (2024)
• Matha Nagar: Rs 1,200 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,000 per sq.ft (2024)
• Le Waterina Resorts: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Manavala Mamuni Koil Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Manavala Mamuni Koil Lane?

The Sub Registrar Office that covers Manavala Mamuni Koil Lane is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO online for additional information.

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

When buying or selling property in Sriperumbudur A, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is established by the Registration Department and is used as a benchmark for transactions in the region.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the correct amount is collected by the authorities.

Frequently asked questions

What is the current guideline value of Manavala Mamuni Koil Lane?

The current guideline value of Manavala Mamuni Koil Lane is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,100 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 737 per sq.ft in 2017, reflecting a 49% rise over the seven-year period from 2017 to 2024.

What is the land classification for Manavala Mamuni Koil Lane?

The land classification for Manavala Mamuni Koil Lane is Residential Class I Type - II. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Manavala Mamuni Koil Lane is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty for properties in Manavala Mamuni Koil Lane is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.