Guideline Value for Mani street ext

Mani street ext guideline value

The current guideline value of Mani street ext is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Mani street ext has changed

Over the years, the guideline value of Mani street ext has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO with 2024 guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which aligns with the guideline value for Mani street ext.

• Mani Street: Rs 2,200 per sq.ft (2024)
• Manimegalai Street: Rs 1,650 per sq.ft (2024)
• Manikandan St: Rs 1,100 per sq.ft (2024)
• Maraimalai Adigal Street: Rs 1,650 per sq.ft (2024)
• Malli Street: Rs 1,320 per sq.ft (2024)
• Malli Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mani street ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mani street ext?

The Sub Registrar Office that covers Mani street ext is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value is considered along with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mani street ext?

The current guideline value of Mani street ext is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the land classification for Mani street ext?

The land classification for Mani street ext is Residential Class I Type - II, which indicates its designation for residential purposes.

Where can I find the Sub Registrar Office for Mani street ext?

The Sub Registrar Office for Mani street ext is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Mani street ext?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.