Guideline Value for Manjambakkam Road

Manjambakkam Road guideline value

The current guideline value of Manjambakkam Road in Madhavaram village, under the Madhavaram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Manjambakkam Road has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. The latest revision in 2024 saw an increase of 62%, bringing the value to Rs 1,300 per sq.ft. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

The significant change from 2017 to 2024 reflects a notable adjustment in the guideline value. The increase indicates a shift in the valuation of properties along Manjambakkam Road, aligning it with the current market standards as per the latest revision.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Manjambakkam Road is below this median.

• Manjambakkam to Assisi Nagar Road: Rs 1,300 per sq.ft (2024)
• Mannadi St: Rs 1,300 per sq.ft (2024)
• Mannady Street (Ettapalayam): Rs 1,300 per sq.ft (2024)
• Ma.Po. Veda Street: Rs 1,600 per sq.ft (2024)
• Ma.Po. Vedha St: Rs 1,600 per sq.ft (2024)
• Ma-Po-Vedha St: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Manjambakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for detailed calculations.

Which Sub Registrar Office covers Manjambakkam Road?

The Sub Registrar Office covering Manjambakkam Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold or purchased, the guideline value is essential for calculating the total costs involved. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Manjambakkam Road?

The current guideline value of Manjambakkam Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting a 62% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Manjambakkam Road?

Manjambakkam Road is classified as Residential Class III Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the Sub Registrar Office for Manjambakkam Road?

The Sub Registrar Office for Manjambakkam Road is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registration activities for properties in the area.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000, the stamp duty would be 7% of that amount.