Guideline Value for Manikandan Street

Manikandan Street guideline value

The current guideline value of Manikandan Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Manikandan Street has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,800 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with a 2024 guideline value range from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Manikandan Street's 2024 figure below that median.

• Manikanda Puram: Rs 2,400 per sq.ft (2024)
• Manikandapuram 1st Left St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 1st Right St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 1st Street: Rs 2,400 per sq.ft (2024)
• Manikandan Avenue: Rs 1,900 per sq.ft (2024)
• Manikandapuram 2nd Left St.: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manikandan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 Manikandan Street?

The Sub Registrar Office that covers Manikandan Street 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 in the registration process when buying or selling property in Thirumullaivoyal. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value serves as a benchmark for calculating taxes and fees. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Manikandan Street?

The current guideline value of Manikandan Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting a 6% increase. The value remained unchanged at Rs 1,800 per sq.ft from 2012 to 2023.

What is the land classification of Manikandan Street?

Manikandan Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Manikandan Street?

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

How is the stamp duty calculated for properties in Manikandan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.