Guideline Value for Manikandapuram 3rd Street

Manikandapuram 3rd Street guideline value

The current guideline value of Manikandapuram 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Manikandapuram 3rd Street has changed

The guideline value of Manikandapuram 3rd Street has undergone several revisions over the years. The earliest recorded value was Rs 500 per sq.ft in 2007, which saw a significant increase to Rs 2,200 per sq.ft in 2012, marking a change of +340%. The latest revision in 2024 set the guideline value at Rs 2,400 per sq.ft, which is a +9% increase from the 2012 figure.

It is important to note that there are no recorded figures for this street in the revisions of 2023, 2017, 2003, and 2002. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +380%.

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 for these streets is Rs 2,400 per sq.ft, which aligns with the guideline value of Manikandapuram 3rd Street.

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

Stamp duty and registration fee for property in Manikandapuram 3rd Street

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, bringing the total fees to 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 3rd Street?

The Sub Registrar Office that covers Manikandapuram 3rd 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 assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Manikandapuram 3rd Street?

The current guideline value of Manikandapuram 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,400 per sq.ft in 2024, which is an overall increase of +380%.

What is the land classification for Manikandapuram 3rd Street?

The land classification for Manikandapuram 3rd Street is Residential Class I Type - I.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Manikandapuram 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.