Guideline Value

Corporate

Guideline Value for Manikanda Nagar

₹990/sq.ft.

The guideline value for Manikanda Nagar in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹78 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Manikanda Nagar guideline value

The current guideline value of Manikanda Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class V Type - I.

How the guideline value of Manikanda Nagar has changed

The guideline value for Manikanda Nagar has seen several revisions over the years. In 2002, the value was Rs 78 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 28% rise. By 2007, it further increased to Rs 200 per sq.ft, representing a 100% change. The value then jumped to Rs 900 per sq.ft in 2012, a significant increase of 350%. However, it decreased to Rs 603 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 900 per sq.ft in 2023, followed by the current figure of Rs 990 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1169%. There are no figures available for the years not mentioned in this summary.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Manikanda Nagar at Rs 990 per sq.ft is below this median.

Stamp duty and registration fee for property in Manikanda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manikanda Nagar?

The Sub Registrar Office that covers Manikanda Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Manikanda Nagar?

The current guideline value of Manikanda Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 78 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 1169% over this period.

What is the stamp duty for property in Manikanda Nagar?

The stamp duty for property in Manikanda Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Manikanda Nagar located?

The Sub Registrar Office for Manikanda Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for calculating the stamp duty and registration fees during property transactions. It ensures that the government receives the appropriate fees based on the higher of the guideline value or the sale price.