Guideline Value for Mani Street(vijayalakshmipuram)

Mani Street(vijayalakshmipuram) guideline value

The current guideline value of Mani Street(vijayalakshmipuram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mani Street(vijayalakshmipuram) has changed

The guideline value for Mani Street(vijayalakshmipuram) has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2012 revision, but then decreased to Rs 1,474 per sq.ft in 2017. The value rose again to Rs 2,200 per sq.ft in 2023, and finally reached Rs 2,400 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

In terms of percentage changes, from 2007 to 2012, there was a remarkable increase of 267%. However, the value saw a decrease of 33% from 2012 to 2017. The subsequent rise from 2017 to 2023 was 49%, and the latest increase from 2023 to 2024 is 9%. Overall, the guideline value has increased by 300% from 2007 to 2024.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Mani Street(vijayalakshmipuram) above this median.

• Manimekalai Street: Rs 1,600 per sq.ft (2024)
• Mani Cross Street: Rs 2,400 per sq.ft (2024)
• Mariamman Koil Street (11th Ward): Rs 1,800 per sq.ft (2024)
• Maruthi Nagar: Rs 1,300 per sq.ft (2024)
• Maruthi Street: Rs 1,400 per sq.ft (2024)
• Masilamaneeswarar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Mani Street(vijayalakshmipuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total of Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mani Street(vijayalakshmipuram)?

The Sub Registrar Office covering Mani Street(vijayalakshmipuram) 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 Oragadam

The guideline value is a critical factor during the registration of property transactions in Oragadam. It serves as a reference point for determining the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the official valuation set by the registration department.

Frequently asked questions

What is the current guideline value of Mani Street(vijayalakshmipuram)?

The current guideline value of Mani Street(vijayalakshmipuram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, representing an overall increase of 300% over the years.

What are the stamp duty and registration fees for a property in Mani Street(vijayalakshmipuram)?

For a 1,000 sq.ft property, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office covers Mani Street(vijayalakshmipuram)?

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

What is the land classification for Mani Street(vijayalakshmipuram)?

The land classification for Mani Street(vijayalakshmipuram) is Residential Special Type - I.