Guideline Value for Maneesh Avenue

Maneesh Avenue guideline value

The current guideline value of Maneesh Avenue is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Commercial Class I Type - III land classification.

How the guideline value of Maneesh Avenue has changed

The guideline value for Maneesh Avenue has remained consistent across several revisions. The 2017 revision recorded a value of Rs 2,500 per sq.ft, which was unchanged in the 2023 revision. The latest 2024 revision also maintains this figure at Rs 2,500 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from 2017 to 2024 is 0%.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Maneesh Avenue's 2024 guideline value is above this median.

• Mandaveli Main Road ( Ward No.7 ): Rs 1,300 per sq.ft (2024)
• Mandaveli Main Road North End ( Ward No.7 ): Rs 1,300 per sq.ft (2024)
• Mandaveli 6th Street (Ward-7): Rs 1,300 per sq.ft (2024)
• Mandaveli 5th Street (Ward-7): Rs 1,300 per sq.ft (2024)
• Mandaveli 4th Street (Ward-7): Rs 1,300 per sq.ft (2024)
• Mandaveli 3rd Street (Ward-7): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Maneesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, making the total charges Rs 2,25,000. 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 more details.

Which Sub Registrar Office covers Maneesh Avenue?

The Sub Registrar Office that covers Maneesh Avenue is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process of property transactions in Madhavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Maneesh Avenue?

The current guideline value of Maneesh Avenue is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Maneesh Avenue has remained unchanged at Rs 2,500 per sq.ft from 2017 through 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What are the guideline values in Madhavaram village?

The guideline values in Madhavaram village range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Maneesh Avenue's 2024 guideline value is above this median.

What are the stamp duty rates for property in Maneesh Avenue?

The stamp duty for property in Maneesh Avenue is charged at 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.