Guideline Value for Manithottam

Manithottam guideline value

The current guideline value for Manithottam is Rs 700 per sq.ft, effective from 1 July 2024. This village falls under the Uthiramerur SRO and is classified as Residential Class III Type - I.

How the guideline value of Manithottam has changed

In the 2007 revision, the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a rise of 1300%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then rose to Rs 700 per sq.ft in the 2023 revision, with no change from the previous year. The current 2024 revision maintains this value at Rs 700 per sq.ft, showing a 0% change from 2023.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1300%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Manithottam is below this median.

• Mannan Gudisai 1st Street: Rs 700 per sq.ft (2024)
• Mannan Gudisai 2nd Street: Rs 700 per sq.ft (2024)
• Mannan Gudisai 3rd Street: Rs 700 per sq.ft (2024)
• Malliyankaranai: Rs 700 per sq.ft (2024)
• Malligapuram Suppan Street: Rs 350 per sq.ft (2024)
• Malligapuram 4th Street: Rs 350 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 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Uthiramerur

The guideline value plays a crucial role during the registration of property transactions in Uthiramerur. It is used to calculate the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Manithottam?

The current guideline value of Manithottam is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 700 per sq.ft in both 2023 and 2024. It was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the land classification of Manithottam?

Manithottam is classified as Residential Class III Type - I. This classification affects the guideline value and property transactions in the area.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 63,000 in fees.

Where is the Sub Registrar Office for Manithottam located?

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