Guideline Value for Manickapuram (Nagar)

Manickapuram (Nagar) guideline value

The current guideline value for Manickapuram (Nagar) is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - III.

How the guideline value of Manickapuram (Nagar) has changed

Over the years, the guideline value for Manickapuram (Nagar) has seen several revisions. The 2007 revision recorded a value of Rs 145 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 452%. However, in 2017, the value was adjusted down to Rs 536 per sq.ft, a decrease of 33%. The value then rose again to Rs 800 per sq.ft in 2023, maintaining the same rate in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, but there was no change from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 452%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kuthanoor

Kuthanoor village has 30 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 800 per sq.ft, which is equal to the current guideline value of Manickapuram (Nagar).

• Nehru Nagar: Rs 550 per sq.ft (2024)
• Om Sakthi Avenue Phase -I: Rs 1,000 per sq.ft (2024)
• Praney Square: Rs 600 per sq.ft (2024)
• G.R. Nagar: Rs 800 per sq.ft (2024)
• Gks Avenue Phase - II: Rs 1,200 per sq.ft (2024)
• Gks Avenue Phase- I: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Manickapuram (Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manickapuram (Nagar)?

The Sub Registrar Office that covers Manickapuram (Nagar) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kuthanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Manickapuram (Nagar)?

The current guideline value of Manickapuram (Nagar) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 800 per sq.ft in 2023 and 2024. The value was Rs 536 per sq.ft in 2017, and Rs 800 per sq.ft in 2012, with a significant increase from Rs 145 per sq.ft in 2007.

What is the land classification of Manickapuram (Nagar)?

The land classification of Manickapuram (Nagar) is Residential Special Type - III, which indicates the type of development permissible in the area.

Where is the Sub Registrar Office for Manickapuram (Nagar) located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Manickapuram (Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft would have a guideline value of Rs 8,00,000, leading to a stamp duty of Rs 56,000.