Guideline Value for Manimegalai Nagar (Ellaiamman Koil Street)

Manimegalai Nagar (Ellaiamman Koil Street) guideline value

The current guideline value of Manimegalai Nagar (Ellaiamman Koil Street) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Manimegalai Nagar (Ellaiamman Koil Street) has changed

The guideline value for Manimegalai Nagar (Ellaiamman Koil Street) has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

In summary, the guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 10% from the 2012 figure. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in S. Kullathur

S. Kullathur has a total of 71 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is the same as the current value for Manimegalai Nagar (Ellaiamman Koil Street).

• Mangaliamman Nagar 1 To 4 Streets: Rs 2,530 per sq.ft (2024)
• Mariamman Koil Street: Rs 2,530 per sq.ft (2024)
• Marudhapandiayar Avenue Etention: Rs 2,750 per sq.ft (2024)
• Maruthapanidan Avenue 1 To 8 Streets: Rs 2,750 per sq.ft (2024)
• Maruthupandiyar Avenue: Rs 2,750 per sq.ft (2024)
• Maxworth Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manimegalai Nagar (Ellaiamman Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total costs would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manimegalai Nagar (Ellaiamman Koil Street)?

The Sub Registrar Office covering Manimegalai Nagar (Ellaiamman Koil Street) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is an important factor when registering property transactions in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transfer process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Manimegalai Nagar (Ellaiamman Koil Street)?

The current guideline value of Manimegalai Nagar (Ellaiamman Koil Street) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, with several revisions in between, including a drop in 2012.

What is the land classification for Manimegalai Nagar (Ellaiamman Koil Street)?

The land classification for Manimegalai Nagar (Ellaiamman Koil Street) is Residential Class I Type - I.

Where is the Sub Registrar Office located for this area?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.