Guideline Value for Manicka Maistry Street

Manicka Maistry Street guideline value

The current guideline value of Manicka Maistry Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Manicka Maistry Street has changed

The guideline value for Manicka Maistry Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 945 per sq.ft. This value saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision. The value remained unchanged at Rs 6,000 per sq.ft in the 2023 revision, before rising to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 598% in the guideline value.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, placing Manicka Maistry Street at this median value for 2024.

• Mallan Ponnappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Mahdi Hussain Khan Bahadur St: Rs 6,600 per sq.ft (2024)
• Maroof Saheb Lane: Rs 5,500 per sq.ft (2024)
• Maroof Saheb Street: Rs 5,500 per sq.ft (2024)
• Massudhi Street / Small Massudhi (Mosque Street & Lane): Rs 6,600 per sq.ft (2024)
• Md. Abdulla 2nd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Manicka Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty, charged at 7%, would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manicka Maistry Street?

The Sub Registrar Office that covers Manicka Maistry Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the property transfer process. Understanding this value can help in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Manicka Maistry Street?

The current guideline value of Manicka Maistry Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 945 per sq.ft to Rs 6,600 per sq.ft in 2024. The most significant change occurred between 2007 and 2012, where the value rose by 535%.

What are the other streets in Triplicane with the same guideline value?

Other streets in Triplicane with a guideline value of Rs 6,600 per sq.ft include Mallan Ponnappa Mudali Street, Mahdi Hussain Khan Bahadur St, and Massudhi Street / Small Massudhi (Mosque Street & Lane).

What is the registration office for Manicka Maistry Street?

The registration office for Manicka Maistry Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Triplicane?

Stamp duty in Triplicane is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at a rate of 7%.