Guideline Value for Manickam Nagar (Koyyathoppu)

Manickam Nagar (Koyyathoppu) guideline value

The current guideline value of Manickam Nagar (Koyyathoppu) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under Kodungaiyur village and is classified as Residential Class I Type - I, managed by the Madhavaram SRO.

How the guideline value of Manickam Nagar (Koyyathoppu) has changed

The guideline value for Manickam Nagar (Koyyathoppu) has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft, which increased to Rs 2,700 per sq.ft in the 2024 revision, marking an increase of 8%.

Prior to the 2023 revision, the register does not have figures for this street. The most recent revision reflects the current market conditions and aligns with the median guideline value for the area.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current guideline value for Manickam Nagar (Koyyathoppu).

• Manickavasakar Street (Vivekananda Nagar): Rs 2,700 per sq.ft (2024)
• Manikkavasagar Street: Rs 2,700 per sq.ft (2024)
• Manali Road: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 4th Street: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 3rd Street: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Manickam Nagar (Koyyathoppu)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Manickam Nagar (Koyyathoppu)?

The Sub Registrar Office that covers Manickam Nagar (Koyyathoppu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

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

Frequently asked questions

What is the current guideline value of Manickam Nagar (Koyyathoppu)?

The current guideline value of Manickam Nagar (Koyyathoppu) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Manickam Nagar (Koyyathoppu) was Rs 2,500 per sq.ft in 2023 and increased to Rs 2,700 per sq.ft in 2024, marking an 8% increase. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Manickam Nagar (Koyyathoppu)?

Manickam Nagar (Koyyathoppu) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Manickam Nagar (Koyyathoppu)?

The Madhavaram Sub Registrar Office covers Manickam Nagar (Koyyathoppu) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.