Guideline Value for Manganath Street (Manjunathan Street)

Manganath Street (Manjunathan Street) guideline value

The current guideline value of Manganath Street (Manjunathan Street) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Manganath Street (Manjunathan Street) has changed

The guideline value for Manganath Street (Manjunathan Street) has seen several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,300 per sq.ft, and the latest revision in 2024 raised it further to Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, comparing the years 2012 to 2024, there has been a 9% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Manganath Street (Manjunathan Street) aligns with this median value in 2024.

• Mangalapuram Thiru-vi-ka Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram pillaiar koil Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Periyar 2nd Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Padasalai Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Padalaru Street: Rs 2,500 per sq.ft (2024)
• Mangalapuram Nalla Kinaru street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Manganath Street (Manjunathan Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total cost for these fees to Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manganath Street (Manjunathan Street)?

The Sub Registrar Office that covers Manganath Street (Manjunathan Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value serves as a baseline for calculating the necessary fees. This ensures transparency and uniformity in property dealings within the region.

Frequently asked questions

What is the current guideline value of Manganath Street (Manjunathan Street)?

The current guideline value of Manganath Street (Manjunathan Street) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It decreased from Rs 3,300 in 2012 to Rs 2,211 in 2017, then increased to Rs 3,300 in 2023.

What are the stamp duty and registration fees for property in Manganath Street (Manjunathan Street)?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Manganath Street (Manjunathan Street)?

The Ambattur Sub Registrar Office covers Manganath Street (Manjunathan Street), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Manganath Street (Manjunathan Street)?

The land classification for Manganath Street (Manjunathan Street) is Residential Class I Type - I, indicating its suitability for residential development.