Guideline Value for Manickam Nagar 5th Street

Manickam Nagar 5th Street guideline value

The current guideline value of Manickam Nagar 5th 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 5th Street has changed

The guideline value for Manickam Nagar 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, an increase from Rs 1,600 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,072 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The guideline value was last recorded at Rs 1,072 per sq.ft in 2017 before the subsequent increases.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing the 2024 figure for Manickam Nagar 5th Street above this median.

• Manickam Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Manickam Nagar Phase I: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 1st Street: 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 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, leading to a total of Rs 1,58,400. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Manickam Nagar 5th Street?

The Sub Registrar Office covering Manickam Nagar 5th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Kunrathour-B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect current market conditions.

When selling property, the guideline value ensures that the transaction is recorded at a value that is recognized by the state. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Manickam Nagar 5th Street?

The current guideline value of Manickam Nagar 5th Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing an overall increase of +64% over this period.

What is the land classification for Manickam Nagar 5th Street?

Manickam Nagar 5th Street is classified as Mixed Special Type - III, which is the designation used for various types of land use in the area.

Where can I find the registration office for Manickam Nagar 5th Street?

The registration office for Manickam Nagar 5th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at a rate of 7%.