Guideline Value for Manimegalai Street

Manimegalai Street guideline value

The current guideline value of Manimegalai Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village under the Gooduvancheri SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Manimegalai Street has changed

The guideline value for Manimegalai Street has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which set the value at Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, and then to Rs 2,001 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2017 revision to the 2024 revision is also a 49% increase, demonstrating a consistent upward trend in the guideline value over this period.

Guideline values in Gooduvancheri

In Gooduvancheri, there are a total of 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,500 per sq.ft, which means that the 2024 figure for Manimegalai Street is above the median.

• Mangal Nagar: Rs 2,001 per sq.ft (2024)
• Masoothi Street: Rs 1,500 per sq.ft (2024)
• Maharaja Nagar: Rs 1,500 per sq.ft (2024)
• Mahalakshmi Street: Rs 2,001 per sq.ft (2024)
• Meenakshi Nagar (Near G.S.T. Road): Rs 3,500 per sq.ft (2024)
• Meenakshi Nagar (S.No. 174/1 -6): Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Manimegalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, bringing the total to Rs 1,80,090. 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 more details.

Which Sub Registrar Office covers Manimegalai Street?

The Sub Registrar Office that covers Manimegalai Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Manimegalai Street?

The current guideline value of Manimegalai Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, marking a 49% increase over this period.

What is the median guideline value in Gooduvancheri?

The median guideline value in Gooduvancheri is Rs 1,500 per sq.ft, with Manimegalai Street's 2024 figure being above this median.

What are the stamp duty rates for property in Manimegalai Street?

The stamp duty for property in Manimegalai Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Manimegalai Street located?

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