Guideline Value for Maniyammai Nagar Ist Avenue

Maniyammai Nagar Ist Avenue guideline value

The current guideline value of Maniyammai Nagar Ist Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Siruvanchur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Maniyammai Nagar Ist Avenue has changed

Over the years, the guideline value of Maniyammai Nagar Ist Avenue has experienced several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 400 per sq.ft. The 2024 revision also maintained this figure, resulting in a 0% change from the previous year.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision of Rs 400 per sq.ft was a return to the previous value after a decrease of 33% from Rs 268 per sq.ft in 2017.

Guideline values in Siruvanchur

In Siruvanchur, there are eight streets under the Gooduvancheri SRO that carry a 2024 guideline value, all set at Rs 400 per sq.ft, with a median of Rs 400 per sq.ft. Maniyammai Nagar Ist Avenue's 2024 figure aligns with this median.

• Maniyammai Nagar: Rs 400 per sq.ft (2024)
• Lake View: Rs 400 per sq.ft (2024)
• Kannaiya Nagar Phase-I: Rs 400 per sq.ft (2024)
• Chakravarthy Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Nagar Part-I: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Maniyammai Nagar Ist Avenue

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Maniyammai Nagar Ist Avenue?

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

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

The guideline value is a critical factor in property transactions in Siruvanchur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the registration process.

When a property is registered, the guideline value serves as a benchmark for calculating the fees. The registration authority will use this value to assess the applicable charges, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Maniyammai Nagar Ist Avenue?

The current guideline value of Maniyammai Nagar Ist Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 400 per sq.ft in both 2023 and 2024. The value increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Maniyammai Nagar Ist Avenue?

Maniyammai Nagar Ist Avenue is classified as Residential Special Type - II.

Where can I calculate my stamp duty and registration fees?

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Maniyammai Nagar Ist Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Maniyammai Nagar Ist Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.