Guideline Value for Manickavel Nagar (Manickam Street)

Manickavel Nagar (Manickam Street) guideline value

The current guideline value of Manickavel Nagar (Manickam Street) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Manickavel Nagar (Manickam Street) has changed

Since 2003, the guideline value of Manickavel Nagar has seen significant changes. In 2003, the guideline value was Rs 141 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a rise of 326%. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting an increase of 317%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, which is a drop of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, representing a 64% increase from the 2017 figure. Overall, from 2003 to 2024, the guideline value has increased by 1850%.

The register has no figures for the years 2023 and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which means that the 2024 figure for Manickavel Nagar is below the median.

• Manimegalai street: Rs 3,300 per sq.ft (2024)
• Manickam Nagar: Rs 2,160 per sq.ft (2024)
• Manimegalai street Exten.: Rs 3,300 per sq.ft (2024)
• Mani Street: Rs 3,850 per sq.ft (2024)
• Malliga Street: Rs 2,160 per sq.ft (2024)
• Malliga Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Manickavel Nagar (Manickam Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Manickavel Nagar (Manickam Street)?

The Sub Registrar Office that covers Manickavel Nagar (Manickam Street) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Zaminpallavaram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. This ensures transparency and consistency in the registration process.

Frequently asked questions

What is the current guideline value of Manickavel Nagar (Manickam Street)?

The current guideline value of Manickavel Nagar (Manickam Street) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2003?

Since 2003, the guideline value has increased from Rs 141 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1850%.

What were the guideline values in previous revisions?

The guideline values in previous revisions were Rs 600 in 2007, Rs 2,500 in 2012, and Rs 1,675 in 2017. The 2024 revision is the most recent.

Are there any years without figures for Manickavel Nagar?

Yes, the register has no figures for the years 2023 and 2002 for Manickavel Nagar.

Where can I find the Sub Registrar Office for Manickavel Nagar?

The Sub Registrar Office for Manickavel Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.