Guideline Value for Manigandapuram

Manigandapuram guideline value

The current guideline value of Manigandapuram, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Manigandapuram has changed

The guideline value for Manigandapuram has seen several revisions over the years. Starting from Rs 65 per sq.ft in 2002, it increased significantly to Rs 328 per sq.ft in 2007, marking a 405% rise. By 2012, the value was revised to Rs 1,500 per sq.ft, which was a substantial increase of 357%. However, in 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The value remained stable at Rs 1,500 per sq.ft in the 2023 revision, and it has not changed in the 2024 revision either, maintaining a 0% change.

Overall, from 2002 to 2024, the guideline value has increased by 2208%. It is important to note that there is no figure available for the year 2003 in the register for this street.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the guideline value of Manigandapuram.

• Malleeswarar Koil Street: Rs 1,500 per sq.ft (2024)
• Maruthi Nagar: Rs 1,500 per sq.ft (2024)
• MasoothiStreet: Rs 1,500 per sq.ft (2024)
• Mahalakshmi Nagar Extn.VII to VII A: Rs 2,000 per sq.ft (2024)
• Mahalakshmi Nagar Extn.I to VI: Rs 2,000 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Manigandapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Manigandapuram?

The Sub Registrar Office that covers Manigandapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Nandhivaram. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value is considered the minimum value for the transaction. This means that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manigandapuram?

The current guideline value of Manigandapuram is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 65 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then dropped to Rs 1,005 per sq.ft in 2017, and remained stable at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for Manigandapuram?

The land classification for Manigandapuram is Residential Special Type - I.

Where can I find the Sub Registrar Office for Manigandapuram?

The Sub Registrar Office for Manigandapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Manigandapuram?

Stamp duty in Manigandapuram is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value.