Guideline Value for Manickam Avenue Main Road

Manickam Avenue Main Road guideline value

The current guideline value of Manickam Avenue Main Road is Rs 660 per sq.ft, effective from 1 July 2024. This road is located in Kaspapuram 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 Manickam Avenue Main Road has changed

The guideline value for Manickam Avenue Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which then saw a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no registered figures for this street in the years 2002, 2003, and 2007. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Manickam Avenue Main Road's 2024 figure below this median.

• M.A.V. Balamurugan Avenue: Rs 1,100 per sq.ft (2024)
• M A V Manickam Avenue All Streets: Rs 660 per sq.ft (2024)
• Mav Mummurthi Avenue: Rs 1,650 per sq.ft (2024)
• Mayana Salai: Rs 440 per sq.ft (2024)
• M.M. Nagar Phase -3: Rs 1,650 per sq.ft (2024)
• Mumurthy Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Manickam Avenue Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manickam Avenue Main Road?

The Sub Registrar Office that covers Manickam Avenue Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in determining the legal obligations related to taxes and fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Manickam Avenue Main Road?

The current guideline value of Manickam Avenue Main Road is Rs 660 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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Kaspapuram?

The median guideline value for streets in Kaspapuram is Rs 1,100 per sq.ft, which is higher than the current guideline value of Manickam Avenue Main Road.

Where can I find the Sub Registrar Office for Manickam Avenue Main Road?

The Sub Registrar Office for Manickam Avenue Main Road is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for transactions on Manickam Avenue Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,200.