Guideline Value for Manimedu (ward 8)

Manimedu (ward 8) guideline value

The current guideline value of Manimedu (ward 8) is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Manimedu (ward 8) has changed

The guideline value for Manimedu (ward 8) has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 737 per sq.ft. This figure increased significantly to Rs 1,100 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thandalam

In Thandalam village, there are 56 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is the same as the guideline value for Manimedu (ward 8).

• Manimedu (ward 7): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 9): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 1): Rs 1,210 per sq.ft (2024)
• Mariamman Koil Street (ward 1): Rs 990 per sq.ft (2024)
• Mariamman Koil Street (ward 2): Rs 990 per sq.ft (2024)
• Mariamman Koil Street (ward 5): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Manimedu (ward 8)

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Manimedu (ward 8)?

The Sub Registrar Office that covers Manimedu (ward 8) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thandalam

The guideline value is a crucial factor in property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Manimedu (ward 8)?

The current guideline value of Manimedu (ward 8) is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and now to Rs 1,210 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Manimedu (ward 8)?

Manimedu (ward 8) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles property registrations in Thandalam?

The Pammal Sub Registrar Office handles property registrations in Thandalam, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.