Guideline Value for Manimedu (ward 9)

Manimedu (ward 9) guideline value

The current guideline value of Manimedu (ward 9) is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Manimedu (ward 9) has changed

The guideline value for Manimedu (ward 9) has seen several revisions over the years. The 2017 revision set the rate at Rs 737 per sq.ft. This was followed by a significant increase to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision has further increased the guideline value to Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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, 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 2024 figure for Manimedu (ward 9).

• Manimedu (ward 8): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 7): 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 9)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total 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 fees to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manimedu (ward 9)?

The Sub Registrar Office that covers Manimedu (ward 9) 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, as it reflects the prevailing rates in the area. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Manimedu (ward 9)?

The current guideline value for Manimedu (ward 9) is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024. The most recent change was a 10% increase from Rs 1,100 per sq.ft in 2023.

What is the land classification for Manimedu (ward 9)?

The land classification for Manimedu (ward 9) is Residential Class I Type - I, indicating its suitability for residential development.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Manimedu (ward 9)?

Stamp duty for properties in Manimedu (ward 9) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700.