Guideline Value for Manickavasagar Street (Senthil Nagar)

Manickavasagar Street (Senthil Nagar) guideline value

The current guideline value of Manickavasagar Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Manickavasagar Street (Senthil Nagar) has changed

The guideline value for Manickavasagar Street (Senthil Nagar) has undergone several revisions over the years. The earliest revision available is from 2012, which set the guideline value at Rs 2,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 2,700 per sq.ft, marking an 8% increase from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. Thus, the only available figures for comparison are from 2012 and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing the 2024 guideline value of Manickavasagar Street (Senthil Nagar) above this median.

• Manikanda Nagar: Rs 990 per sq.ft (2024)
• Manikandan Avenue: Rs 1,900 per sq.ft (2024)
• Manickam Nagar: Rs 1,400 per sq.ft (2024)
• Manikandan Street: Rs 1,900 per sq.ft (2024)
• Manikanda Puram: Rs 2,400 per sq.ft (2024)
• Manikandapuram 1st Left St.: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manickavasagar Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manickavasagar Street (Senthil Nagar)?

The Sub Registrar Office that covers Manickavasagar Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Manickavasagar Street (Senthil Nagar)?

The current guideline value of Manickavasagar Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Manickavasagar Street (Senthil Nagar) was Rs 2,500 per sq.ft in 2012 and increased to Rs 2,700 per sq.ft in 2024, representing an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the land classification for Manickavasagar Street (Senthil Nagar)?

Manickavasagar Street (Senthil Nagar) falls under the land classification of Residential Special Type - II. This classification is important for understanding the types of developments permitted in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Ambattur Sub Registrar Office covers Manickavasagar Street (Senthil Nagar) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find more information about your SRO online.