Guideline Value for Mani Mudaliyar Thottam

Mani Mudaliyar Thottam guideline value

The current guideline value of Mani Mudaliyar Thottam is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Mani Mudaliyar Thottam has changed

The guideline value for Mani Mudaliyar Thottam has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 7,000 per sq.ft, which increased by 10% to Rs 7,700 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline value over time. The current figure of Rs 7,700 per sq.ft is the latest revision from 2024, and it is important to note that the previous revisions do not have any figures recorded for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of Mani Mudaliyar Thottam is below this median.

• Mariyappan Lane: Rs 7,700 per sq.ft (2024)
• Mariyappan Street: Rs 7,700 per sq.ft (2024)
• Masilamani Road & Street: Rs 7,700 per sq.ft (2024)
• Maharani Chinnamma Road: Rs 15,400 per sq.ft (2024)
• Maharaja Surya Road: Rs 15,400 per sq.ft (2024)
• Maharaja Badmavathi Street: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mani Mudaliyar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, leading to a total of Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mani Mudaliyar Thottam?

The Sub Registrar Office that covers Mani Mudaliyar Thottam is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Mani Mudaliyar Thottam?

The current guideline value of Mani Mudaliyar Thottam is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mani Mudaliyar Thottam was Rs 7,000 per sq.ft in 2023 and increased by 10% to Rs 7,700 per sq.ft in 2024. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Mani Mudaliyar Thottam?

Mani Mudaliyar Thottam is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where can I find the Sub Registrar Office for Mani Mudaliyar Thottam?

The Sub Registrar Office for Mani Mudaliyar Thottam is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Mani Mudaliyar Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 77,00,000 would incur a stamp duty of Rs 5,39,000 at a rate of 7%.