Guideline Value for Manavala Mamuni Koil Street

Manavala Mamuni Koil Street guideline value

The current guideline value of Manavala Mamuni Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class I Type - II.

How the guideline value of Manavala Mamuni Koil Street has changed

According to the guideline value register, there are no figures available for Manavala Mamuni Koil Street for the years 2002, 2003, 2007, and 2012. The 2017 revision recorded a guideline value of Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023 and remaining unchanged from 2023 to 2024.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. This steady rise reflects the consistent valuation placed on this street over the recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Manavala Mamuni Koil Street, at Rs 1,100 per sq.ft, is above this median.

• Manavala Mamuni Koil Lane: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Manavala Mamuni Koil Street?

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

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

The guideline value is a critical factor in the registration process of property transactions in Sriperumbudur A. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the prevailing market conditions.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

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

The current guideline value of Manavala Mamuni Koil Street 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, while it increased from Rs 737 per sq.ft in 2017, marking a 49% rise overall from 2017 to 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

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

What is the land classification of Manavala Mamuni Koil Street?

Manavala Mamuni Koil Street is classified as Residential Class I Type - II, indicating its suitability for residential development.