Guideline Value for Manimaran Street

Manimaran Street guideline value

The current guideline value of Manimaran Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Manimaran Street has changed

Over the years, the guideline value of Manimaran Street has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision and has now risen to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%, reflecting the fluctuations over the years.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current value of Manimaran Street.

• Manimekalai Street: Rs 830 per sq.ft (2024)
• Mayana Salai (East): Rs 830 per sq.ft (2024)
• Mayana Salai (West): Rs 830 per sq.ft (2024)
• Madhura Nagar: Rs 550 per sq.ft (2024)
• Leo Avenue: Rs 2,860 per sq.ft (2024)
• M.G.R. Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Manimaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total fees together to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manimaran Street?

The Sub Registrar Office that covers Manimaran Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference for property transactions in Agaramthen. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

During the registration process, buyers and sellers must consider the guideline value to ensure compliance with local regulations. This value helps in assessing the financial obligations involved in the property transfer, such as stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Manimaran Street?

The current guideline value of Manimaran Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Manimaran Street?

Manimaran Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Where is the Sub Registrar Office for Manimaran Street located?

The Sub Registrar Office for Manimaran Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.