Guideline Value for Manigandan 4th Street

Manigandan 4th Street guideline value

The current guideline value of Manigandan 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Manigandan 4th Street has changed

The guideline value for Manigandan 4th Street has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a significant rise of 122%. However, the value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 2,000 per sq.ft, which was then raised to Rs 2,200 per sq.ft in 2024, reflecting an increase of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 144%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Manigandan 4th Street's 2024 guideline value above this median.

• Manigandan 3rd Street: Rs 2,200 per sq.ft (2024)
• Manigandan 5th Street: Rs 2,200 per sq.ft (2024)
• Manigandan 2nd Street: Rs 2,200 per sq.ft (2024)
• Manigandan 6th Street: Rs 2,200 per sq.ft (2024)
• Manigandan 1st Street: Rs 2,200 per sq.ft (2024)
• Manigandan 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Manigandan 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manigandan 4th Street?

The Sub Registrar Office that covers Manigandan 4th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Manigandan 4th Street?

The current guideline value of Manigandan 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What are the stamp duty and registration fees for a property in Manigandan 4th Street?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the current guideline value of Rs 22,00,000.

Which office handles property registrations for Manigandan 4th Street?

The Royapuram Sub Registrar Office handles property registrations for Manigandan 4th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these costs are based on an official valuation of the property.