Guideline Value for Manickam Nagar 3rd Street

Manickam Nagar 3rd Street guideline value

The current guideline value of Manickam Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Manickam Nagar 3rd Street has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. It increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, indicating that Manickam Nagar 3rd Street's 2024 figure is above this median.

• Manickam Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 5th Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar Phase I: Rs 1,760 per sq.ft (2024)
• Manickam Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Manickam Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. 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 Manickam Nagar 3rd Street?

The Sub Registrar Office that covers Manickam Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manickam Nagar 3rd Street?

The current guideline value of Manickam Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Manickam Nagar 3rd Street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office handles registrations for Manickam Nagar 3rd Street?

The Kunrathur Sub Registrar Office handles registrations for Manickam Nagar 3rd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Manickam Nagar 3rd Street?

Manickam Nagar 3rd Street is classified as Mixed Special Type - III, which is important for understanding its use and development potential.