Guideline Value for Manithottam

Manithottam guideline value

The current guideline value of Manithottam, located in Neeradi village under the Uthiramerur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - II land classification.

How the guideline value of Manithottam has changed

Looking at the revisions over the years, the guideline value for Manithottam was Rs 300 per sq.ft in both the 2023 and 2024 revisions. This indicates no change between these two years. In the 2017 revision, the value was Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. Prior to that, in the 2012 revision, the rate was Rs 300 per sq.ft, showing a decrease of 33% to Rs 201 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 300 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the guideline values available for Manithottam begin from 2012 onwards.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft. The median value for these streets is Rs 202 per sq.ft, placing Manithottam's 2024 figure above the median.

• Mettu Kalani: Rs 202 per sq.ft (2024)
• Kuppaiyanaloor Kalani: Rs 202 per sq.ft (2024)
• Nalloor Kalani: Rs 202 per sq.ft (2024)
• Naloor Kulakkarai: Rs 202 per sq.ft (2024)
• Neeradi Battai Street: Rs 202 per sq.ft (2024)
• Neeradi East Street: Rs 202 per sq.ft (2024)

Stamp duty and registration fee for property in Manithottam

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manithottam?

The Sub Registrar Office that covers Manithottam is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Neeradi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recorded.

When a property is sold, the guideline value provides a benchmark for the transaction. Buyers and sellers must consider this value to avoid any discrepancies during the registration process, as it influences the overall costs associated with the sale.

Frequently asked questions

What is the current guideline value of Manithottam?

The current guideline value of Manithottam is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Manithottam?

Manithottam is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Manithottam?

The Sub Registrar Office for Manithottam is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Manithottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.