Guideline Value for Manikandapuram 2nd Left St.

Manikandapuram 2nd Left St. guideline value

The current guideline value of Manikandapuram 2nd Left St. is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Manikandapuram 2nd Left St. has changed

The guideline value for Manikandapuram 2nd Left St. has seen revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, an increase from the 2012 revision figure of Rs 2,200 per sq.ft, marking a change of +9%. The register has no figure for this street for the years 2023, 2017, 2007, 2003, and 2002.

In summary, the guideline value for this street was Rs 2,200 per sq.ft in 2012, and it has increased to Rs 2,400 per sq.ft in 2024. The changes reflect the updates made in the guideline value register, which is crucial for property transactions in the area.

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 guideline value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Manikandapuram 2nd Left St.

• Manikandapuram 1st Street: Rs 2,400 per sq.ft (2024)
• Manikandapuram 2nd Right St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 1st Right St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 2nd Street: Rs 2,400 per sq.ft (2024)
• Manikandapuram 1st Left St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 3rd Left St.: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manikandapuram 2nd Left St.

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 amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manikandapuram 2nd Left St.?

The Sub Registrar Office that covers Manikandapuram 2nd Left St. 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 details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value helps ensure that the transaction is registered at a fair value, aligning with government regulations.

In Thirumullaivoyal, both buyers and sellers must consider the guideline value to understand their financial obligations during the registration process. This value serves as a benchmark for assessing property prices in the area.

Frequently asked questions

What is the current guideline value of Manikandapuram 2nd Left St.?

The current guideline value of Manikandapuram 2nd Left St. is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a change of +9%. The register has no figure for this street for the years 2023, 2017, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for Manikandapuram 2nd Left St.?

The Ambattur Sub Registrar Office handles the registration for Manikandapuram 2nd Left St., located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Manikandapuram 2nd Left St.?

Manikandapuram 2nd Left St. is classified under Residential Class I Type - I, indicating its suitability for residential purposes.