Guideline Value

Corporate

Guideline Value for Manikanda Puram

₹2400/sq.ft.

The guideline value for Manikanda Puram in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹170 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹144 /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]
Records for a plot on Manikanda Puram

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Manikanda Puram guideline value

The current guideline value of Manikanda Puram is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Manikanda Puram has changed

The guideline value for Manikanda Puram has seen significant changes over the years. In 2002, the guideline value was Rs 144 per sq.ft, which increased to Rs 170 per sq.ft in 2003. By 2007, it rose dramatically to Rs 500 per sq.ft, marking a 194% increase. The value remained at Rs 500 per sq.ft until 2012, when it jumped to Rs 2,200 per sq.ft, reflecting a 340% increase. The guideline value remained unchanged at Rs 2,200 per sq.ft until 2023.

The 2023 revision set the value at Rs 2,200 per sq.ft, which then increased to Rs 2,400 per sq.ft in 2024, representing a 9% rise. Overall, from 2002 to 2024, the guideline value has increased by 1567%.

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. The median value is Rs 2,400 per sq.ft, making Manikanda Puram's current guideline value equal to this median.

Stamp duty and registration fee for property in Manikanda Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. 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 Puram?

The Sub Registrar Office that covers Manikanda Puram 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 is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the property is registered at a value that reflects the current market conditions as determined by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that the sale price is in accordance with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Manikanda Puram?

The current guideline value of Manikanda Puram is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 144 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, with significant increases in various years.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is the same as the current value for Manikanda Puram.

What fees are associated with property registration in Manikanda Puram?

For property registration in Manikanda Puram, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Manikanda Puram?

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