Guideline Value for Maniyammaiyar Street

Maniyammaiyar Street guideline value

The current guideline value of Maniyammaiyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Maniyammaiyar Street has changed

The guideline value for Maniyammaiyar Street has undergone several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, the value then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 1,000 per sq.ft, and the latest revision in 2024 has further increased it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Maniyammaiyar Street.

• Manimegalai Street: Rs 1,100 per sq.ft (2024)
• Maraimalaiadikalar Street: Rs 1,100 per sq.ft (2024)
• Marappan Street: Rs 1,100 per sq.ft (2024)
• Mandabam Street: Rs 1,650 per sq.ft (2024)
• Meenatchi Nagar: Rs 1,650 per sq.ft (2024)
• Mettu Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Maniyammaiyar Street

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

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It determines the minimum value on which the stamp duty and registration fees are calculated, ensuring that the transaction is documented accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded at a fair value according to the local regulations.

Frequently asked questions

What is the current guideline value of Maniyammaiyar Street?

The current guideline value of Maniyammaiyar 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, reflecting an overall increase of 450% over the years.

What are the stamp duty and registration fees for properties on Maniyammaiyar Street?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Maniyammaiyar Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Maniyammaiyar Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Maniyammaiyar Street?

The land classification for Maniyammaiyar Street is Residential Class I Type - III, indicating its suitability for residential development.