Guideline Value for Manikkavasagar Cross Street

Manikkavasagar Cross Street guideline value

The current guideline value for Manikkavasagar Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of Manikkavasagar Cross Street has changed

The guideline value register does not have figures for Manikkavasagar Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

Since there are no figures for the previous revisions, there are no changes to report between the revisions listed above. The 2024 figure aligns with the median value for streets in Madipakkam-1.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, which is equal to the guideline value of Manikkavasagar Cross Street.

• Manikkavasagar Street: Rs 2,750 per sq.ft (2024)
• Manikavasagar Street, Ramakrishna Nagar: Rs 2,750 per sq.ft (2024)
• Manimegalai Street: Rs 2,750 per sq.ft (2024)
• Manikandan Street: Rs 3,850 per sq.ft (2024)
• Manimegalai Street Cross: Rs 2,750 per sq.ft (2024)
• Manikandan 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Manikkavasagar Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Manikkavasagar Cross Street?

The Velacheri Sub Registrar Office covers Manikkavasagar Cross Street. The office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an essential factor during property registration in Madipakkam-1. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, thus preventing undervaluation. Buyers should be aware that the guideline value is subject to periodic revisions, which can affect future transactions.

Frequently asked questions

What is the current guideline value of Manikkavasagar Cross Street?

The current guideline value of Manikkavasagar Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

What revisions have occurred for Manikkavasagar Cross Street?

The guideline value register does not have figures for Manikkavasagar Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is the same as the current value for Manikkavasagar Cross Street.

How is stamp duty calculated for property in Manikkavasagar Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,92,500.

Where can I find the Sub Registrar Office for Manikkavasagar Cross Street?

The Velacheri Sub Registrar Office covers Manikkavasagar Cross Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.