Guideline Value for Manikandapuram 4th Street

Manikandapuram 4th Street guideline value

The current guideline value of Manikandapuram 4th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Manikandapuram 4th Street has changed

The guideline value for Manikandapuram 4th Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2012 revision, marking a 340% increase. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, reflecting a 9% increase from the 2012 figure.

It is important to note that there are no figures available for the years 2023, 2017, 2003, and 2002 in the register for this street. 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 is equal to the 2024 guideline value for Manikandapuram 4th Street.

• Manikandapuram 4th Right St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 5th Left St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 4th Left St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 5th Right St.: Rs 2,400 per sq.ft (2024)
• Manikandapuram 3rd Street: Rs 2,400 per sq.ft (2024)
• Manikandapuram 5th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manikandapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manikandapuram 4th Street?

The Sub Registrar Office covering Manikandapuram 4th 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 of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to 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 Manikandapuram 4th Street?

The current guideline value of Manikandapuram 4th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

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 stamp duty rate for property in Manikandapuram 4th Street?

The stamp duty rate for property in Manikandapuram 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is 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 current guideline value for Manikandapuram 4th Street.