Guideline Value for Manickapuri

Manickapuri guideline value

The current guideline value of Manickapuri, located in Amarampedu village under the Sriperumpudur SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Manickapuri has changed

Looking at the historical revisions, the guideline value for Manickapuri has seen several changes over the years. In 2007, the value was Rs 25 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2012. However, it dropped to Rs 67 per sq.ft in 2017 before stabilizing at Rs 100 per sq.ft in both 2023 and the upcoming 2024 revision. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a 49% increase, while the value saw a 33% decrease from 2012 to 2017. The most substantial increase occurred from 2007 to 2012, with a 300% rise. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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 is below this median.

• Manickapuri Extn: 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

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to 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, together totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manickapuri?

The Sub Registrar Office that covers Manickapuri 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 critical factor when registering property transactions in Amarampedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Manickapuri?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017, and stabilized at Rs 100 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Amarampedu?

Other streets in Amarampedu have varying guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft.

What fees are associated with buying property in Manickapuri?

When buying property in Manickapuri, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Manickapuri?

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