Guideline Value for Manickapuram

Manickapuram guideline value

The current guideline value of Manickapuram is Rs 650 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Manickapuram has changed

The guideline value of Manickapuram has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The value then rose to Rs 600 per sq.ft in 2023, before reaching the current rate of Rs 650 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, there has been a substantial increase of 333% in the guideline value. The changes between revisions include a 300% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a notable increase of 49% from 2017 to 2023.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 650 to Rs 2,750 per sq.ft. The median guideline value is Rs 650 per sq.ft, which is the same as the current value for Manickapuram.

• Mariamman Koil Street: Rs 650 per sq.ft (2024)
• Maruthi Nagar: Rs 650 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Moogambikai Nagar: Rs 1,350 per sq.ft (2024)
• Moondramkattalai Main Road: Rs 1,350 per sq.ft (2024)
• K.V. Road: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Manickapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total fees together to Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manickapuram?

The Sub Registrar Office that covers Manickapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find more information, you can find your SRO.

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

The guideline value is an essential factor when registering a property in Moonramkattalai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Manickapuram?

The current guideline value of Manickapuram is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, reflecting an overall increase of 333% over the years.

What is the registration office for Manickapuram?

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

What are the stamp duty rates for property in Manickapuram?

The stamp duty for property in Manickapuram is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information on guideline values?

For more information on guideline values, you can refer to the Registration Department's guideline value register (TNReginet).