Guideline Value for Manjambakkam to Assisi Nagar Road ( Ward No.6 )

Manjambakkam to Assisi Nagar Road ( Ward No.6 ) guideline value

The current guideline value of Manjambakkam to Assisi Nagar Road ( Ward No.6 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Manjambakkam to Assisi Nagar Road ( Ward No.6 ) has changed

The guideline value for this street has undergone significant changes over the years. In the 2017 revision, the value was recorded at Rs 804 per sq.ft. The latest revision in 2024 shows an increase of 62%, bringing the guideline 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.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which means the guideline value of Manjambakkam to Assisi Nagar Road ( Ward No.6 ) is below the median.

• Manjambakkam Road: Rs 1,300 per sq.ft (2024)
• Mannadi St ( Ward No.5 ): Rs 1,300 per sq.ft (2024)
• Mannady Street (Ettapalayam): Rs 1,300 per sq.ft (2024)
• Ma.Po. Veda Street (Ward 20): Rs 1,600 per sq.ft (2024)
• Ma.Po. Vedha St (Ward-30): Rs 1,600 per sq.ft (2024)
• Ma-Po-Vedha St ( Ward No.30 ): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Manjambakkam to Assisi Nagar Road ( Ward No.6 )

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 be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manjambakkam to Assisi Nagar Road ( Ward No.6 )?

The Sub Registrar Office that covers Manjambakkam to Assisi Nagar Road ( Ward No.6 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manjambakkam to Assisi Nagar Road ( Ward No.6 )?

The current guideline value of Manjambakkam to Assisi Nagar Road ( Ward No.6 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, marking a change of 62%.

Are there any years without figures for this street?

Yes, there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for Manjambakkam to Assisi Nagar Road ( Ward No.6 ).

What is the registration office for this area?

The registration office for Manjambakkam to Assisi Nagar Road ( Ward No.6 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7% and a registration fee of Rs 26,000 at 2%.