Guideline Value for Manjal Neer Kalvai

Manjal Neer Kalvai guideline value

The current guideline value of Manjal Neer Kalvai is Rs 1,650 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - III.

How the guideline value of Manjal Neer Kalvai has changed

Over the years, the guideline value of Manjal Neer Kalvai has seen significant changes. The 2007 revision set the value at Rs 900 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision raised the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,650 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was 67%, and overall, from 2007 to 2024, the guideline value has risen by 83%.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Manjal Neer Kalvai.

• Masuthi Santhu: Rs 5,500 per sq.ft (2024)
• Mathankeeswarar Koil Street: Rs 2,200 per sq.ft (2024)
• Maduranthottam Street: Rs 2,200 per sq.ft (2024)
• Mettu Street: Rs 3,300 per sq.ft (2024)
• Lalakuttai Street: Rs 1,100 per sq.ft (2024)
• Mullapalayam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Manjal Neer Kalvai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the 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 Manjal Neer Kalvai?

The Sub Registrar Office that covers Manjal Neer Kalvai is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor during the registration of property transactions in the 2nd Division. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in property dealings and protects both buyers and sellers from undervaluation.

Frequently asked questions

What is the current guideline value of Manjal Neer Kalvai?

The current guideline value of Manjal Neer Kalvai is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the land classification of Manjal Neer Kalvai?

Manjal Neer Kalvai is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Manjal Neer Kalvai?

The Sub Registrar Office for Manjal Neer Kalvai is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for property in Manjal Neer Kalvai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.