Guideline Value for Manju Nagar Phase-2

Manju Nagar Phase-2 guideline value

The current guideline value of Manju Nagar Phase-2 is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Sadachivakkam village, under the Uthiramerur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Manju Nagar Phase-2 has changed

Over the years, the guideline value for Manju Nagar Phase-2 has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 103 per sq.ft, up from Rs 100 per sq.ft in the 2023 revision, marking an increase of 3%. Prior to the 2023 revision, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for Manju Nagar Phase-2 have been Rs 100 per sq.ft in 2023 and Rs 103 per sq.ft in 2024. The register does not provide figures for the earlier revisions, indicating no recorded guideline values for the years mentioned.

Guideline values in Sadachivakkam

Manju Nagar Phase-2 is part of the Sadachivakkam area, which has varying guideline values across different streets. Among the other streets in Sadachivakkam, the following guideline values are noted:

• Radha Nagar: Rs 131 per sq.ft (2024)

Stamp duty and registration fee for property in Manju Nagar Phase-2

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total fees together to Rs 9,270. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manju Nagar Phase-2?

The Sub Registrar Office covering Manju Nagar Phase-2 is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Sadachivakkam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Manju Nagar Phase-2?

The current guideline value for Manju Nagar Phase-2 is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Manju Nagar Phase-2 was Rs 100 per sq.ft in 2023 and increased to Rs 103 per sq.ft in 2024, reflecting a 3% rise. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the classification of land in Manju Nagar Phase-2?

The land in Manju Nagar Phase-2 is classified as Residential Class I Type - II. This classification is important for determining the applicable guidelines and regulations for property development.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated in Manju Nagar Phase-2?

Stamp duty in Manju Nagar Phase-2 is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 103 per sq.ft, the total fees would amount to Rs 9,270, including stamp duty and registration fees.