Guideline Value for Manimegalai Street / Otteri Extn

Manimegalai Street / Otteri Extn guideline value

The current guideline value for Manimegalai Street / Otteri Extn is Rs 1,500 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Manimegalai Street / Otteri Extn has changed

Over the years, the guideline value for Manimegalai Street / Otteri Extn has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which then increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value saw a decrease to Rs 1,005 per sq.ft in the 2017 revision. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, marking a notable increase of 49% from the 2017 figure.

From the 2007 revision to the 2023 revision, the overall increase in the guideline value is 173%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur, and the guideline value for Manimegalai Street / Otteri Extn is Rs 1,500 per sq.ft. There are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Manimegalai Street / Otteri Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Manimegalai Street / Otteri Extn?

The Sub Registrar Office that covers Manimegalai Street / Otteri Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the applicable duties. The higher of the guideline value or the actual sale price is used to determine the stamp duty and registration fees, ensuring that both parties are aware of their financial obligations.

Frequently asked questions

What is the current guideline value of Manimegalai Street / Otteri Extn?

The current guideline value for Manimegalai Street / Otteri Extn is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Manimegalai Street / Otteri Extn?

The stamp duty rate for properties in Manimegalai Street / Otteri Extn is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a calculator for stamp duty and registration fees?

Yes, you can use our stamp duty and registration fee calculator for detailed calculations based on the guideline value.