Guideline Value for Maniyammai Nagar

Maniyammai Nagar guideline value

The current guideline value of Maniyammai Nagar, located in Orathur village under the Gooduvancheri SRO, is Rs 505 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Maniyammai Nagar has changed

The guideline value of Maniyammai Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 150 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 233% rise. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 500 per sq.ft, and the latest revision in 2024 set it at Rs 505 per sq.ft, a marginal increase of 1%.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 237%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, positioning Maniyammai Nagar's current value above this median.

• Maniyammai Nagar Phase-III: Rs 500 per sq.ft (2024)
• Meenakshi Amman Nagar: Rs 500 per sq.ft (2024)
• M.K.R. Nagar: Rs 500 per sq.ft (2024)
• Kumarasami Garden Phase - II: Rs 896 per sq.ft (2024)
• Kumarasaamy Garden: Rs 896 per sq.ft (2024)
• Muthu Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Maniyammai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the total guideline value amounts to Rs 5,05,000. The stamp duty at 7% would be Rs 35,350, and the registration fee at 2% would be Rs 10,100, totaling Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maniyammai Nagar?

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

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

The guideline value plays a crucial role in property transactions in Orathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable during the registration process. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Maniyammai Nagar?

The current guideline value of Maniyammai Nagar is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 505 per sq.ft in 2024, showing an overall increase of 237% over the years.

What is the land classification of Maniyammai Nagar?

Maniyammai Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Maniyammai Nagar?

The Sub Registrar Office for Maniyammai Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for buying property in Maniyammai Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 5,05,000, the total stamp duty and registration fees would amount to Rs 45,450.