Guideline Value for Manikandapuram 3rd Right St.

Manikandapuram 3rd Right St. guideline value

The current guideline value of Manikandapuram 3rd Right 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 is classified as Residential Class I Type - I.

How the guideline value of Manikandapuram 3rd Right St. has changed

In the 2007 revision, the guideline value was Rs 500 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 2,200 per sq.ft, which represents a 340% increase. However, the register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, marking a 9% increase from the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by 380%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal comprises 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which aligns with the 2024 figure for Manikandapuram 3rd Right St.

• Manikandapuram 3rd Left St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 3rd Street: Rs 2,400 per sq.ft (2024)
• Manikandapuram 2nd Street: Rs 2,400 per sq.ft (2024)
• Manikandapuram 4th Left St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 2nd Right St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 4th Right St.: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manikandapuram 3rd Right 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, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Manikandapuram 3rd Right St.?

The Sub Registrar Office that covers Manikandapuram 3rd Right 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 an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Manikandapuram 3rd Right St.?

The current guideline value of Manikandapuram 3rd Right 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 has increased from Rs 500 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 380%.

What are the stamp duty and registration fees for property in Manikandapuram 3rd Right St.?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,16,000.

Which office handles property registrations in Thirumullaivoyal?

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

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, which is the same as the guideline value for Manikandapuram 3rd Right St.