Guideline Value for Maniyammai Nagar

Maniyammai Nagar guideline value

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

How the guideline value of Maniyammai Nagar has changed

Over the years, the guideline value of Maniyammai Nagar has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, in the 2017 revision, the value rose to Rs 268 per sq.ft, and it remained unchanged at Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023.

Notably, there are no figures available for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 167%, indicating a substantial rise in the guideline value over this period.

Guideline values in Siruvanchur

In Siruvanchur, there are eight streets under the Gooduvancheri SRO that carry the 2024 guideline value, all at Rs 400 per sq.ft, which is also the median value for the village. Maniyammai Nagar's 2024 figure aligns with this median.

• Maniyammai Nagar Ist Avenue: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can 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, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Siruvanchur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications. This ensures that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Maniyammai Nagar?

The current guideline value of Maniyammai Nagar is Rs 400 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 400 per sq.ft in 2012, then to Rs 268 per sq.ft in 2017, and remains at Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Maniyammai Nagar?

Maniyammai Nagar falls under the Residential Special Type - II land classification.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 4,00,000, the total fees amount to Rs 36,000.

Which office handles registrations for Maniyammai Nagar?

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