Guideline Value for Maniyammap Street

Maniyammap Street guideline value

The current guideline value of Maniyammap 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, classified as Residential Class I Type - III.

How the guideline value of Maniyammap Street has changed

The guideline value for Maniyammap Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, 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 guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Maniyammap Street.

• Maniyammai Cross 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 Maniyammap 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 amount to 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maniyammap Street?

The Sub Registrar Office that covers Maniyammap 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 plays a crucial role in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum price at which a property can be sold and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the actual sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Maniyammap Street?

The current guideline value of Maniyammap 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 are the other streets with the same guideline value in Periyakuppam?

Other streets in Periyakuppam with the same guideline value of Rs 1,100 per sq.ft include Maniyammai Cross Street, Manimegalai Street, Maraimalai Adikal Street, M.G.R.Nagar, and Kumaran Street.

What fees are associated with buying property in Maniyammap Street?

When buying property in Maniyammap Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Maniyammap Street?

The Sub Registrar Office for Maniyammap Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.