Guideline Value for Manirajam Salai

Manirajam Salai guideline value

The current guideline value of Manirajam Salai is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Manirajam Salai has changed

The guideline value for Manirajam Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was followed by a decrease to Rs 3,015 per sq.ft in the 2017 revision. However, the latest revision in 2024 has seen a significant increase to Rs 4,950 per sq.ft.

From 2012 to 2017, the guideline value decreased by 33%. In contrast, from 2017 to 2024, there was a notable increase of 64%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, making the guideline value of Manirajam Salai above this median.

• Majestic Colony Sarojini Street: Rs 4,950 per sq.ft (2024)
• Majestic Colony Main Road: Rs 4,950 per sq.ft (2024)
• Majestic Colony 6th Street: Rs 4,950 per sq.ft (2024)
• Majestic Colony 5th Street: Rs 4,950 per sq.ft (2024)
• Majestic Colony (4th Street) - Thirupur Kumaran Street: Rs 4,950 per sq.ft (2024)
• Majestic Colony (3rd Street) - Jeevanandan Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Manirajam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manirajam Salai?

The Sub Registrar Office that covers Manirajam Salai is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, it is crucial to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure they understand how the guideline value impacts their financial obligations at the time of registration.

Frequently asked questions

What is the current guideline value of Manirajam Salai?

The current guideline value of Manirajam Salai is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, and then increased to Rs 4,950 per sq.ft in 2024.

What is the land classification for Manirajam Salai?

The land classification for Manirajam Salai is Residential Class I Type - I.

What are the stamp duty and registration fees for property in Manirajam Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees amount to Rs 4,45,500.

Where is the Sub Registrar Office for Manirajam Salai located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.