Guideline Value for Manickapuri Extn

Manickapuri Extn guideline value

The current guideline value of Manickapuri Extn is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Manickapuri Extn has changed

In the 2012 revision, the guideline value was Rs 100 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 67 per sq.ft. The 2023 revision also maintained the value at Rs 100 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Manickapuri Extn is below this median.

• Manickapuri: Rs 100 per sq.ft (2024)
• Mandapam Street: Rs 150 per sq.ft (2024)
• Maruthuvar Street: Rs 150 per sq.ft (2024)
• Madha garden: Rs 200 per sq.ft (2024)
• Lakshmi Nagar Phase 2: Rs 350 per sq.ft (2024)
• M.G.R.Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Manickapuri Extn

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making a total of Rs 9,000. 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 further calculations.

Which Sub Registrar Office covers Manickapuri Extn?

The Sub Registrar Office that covers Manickapuri Extn is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Amarampedu. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manickapuri Extn?

The current guideline value of Manickapuri Extn is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 100 per sq.ft. The value was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What is the land classification for Manickapuri Extn?

Manickapuri Extn is classified as Residential Class IV Type - I, which indicates its zoning for residential purposes.

What are the stamp duty rates for property in Manickapuri Extn?

The stamp duty rate for property transactions in Manickapuri Extn is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Manickapuri Extn?

The Sub Registrar Office for Manickapuri Extn is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.