Guideline Value for Maniyammai Cross Street

Maniyammai Cross Street guideline value

The current guideline value of Maniyammai Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Maniyammai Cross Street has changed

The guideline value for Maniyammai Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a reduction of 33%. The value continued to rise, reaching Rs 1,000 per sq.ft in 2023, and further increasing to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Maniyammai Cross Street.

• Maniyammap Street: Rs 1,100 per sq.ft (2024)
• Manimegalai Street: Rs 1,100 per sq.ft (2024)
• Maraimalai Adikal Street: Rs 1,100 per sq.ft (2024)
• M.G.R.Nagar: Rs 1,100 per sq.ft (2024)
• Mookalathaman Cross Street: Rs 550 per sq.ft (2024)
• Kumaran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Maniyammai Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges together to Rs 99,000. 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 Maniyammai Cross Street?

The Sub Registrar Office that covers Maniyammai Cross Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Maniyammai Cross Street?

The current guideline value of Maniyammai Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a total increase of 450% over the years.

What is the land classification of Maniyammai Cross Street?

Maniyammai Cross Street is classified as Residential Class I Type - III under the Tiruvallur Joint 1 SRO.

Where can I find the Sub Registrar Office for Maniyammai Cross Street?

The Sub Registrar Office for Maniyammai Cross Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Maniyammai Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the stamp duty would be Rs 77,000.