Guideline Value for Manju Nagar

Manju Nagar guideline value

The current guideline value of Manju Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Anumandhakuppam village under the Madurandakam Sub Registrar Office. The land classification for this area is Residential Class I Type - I.

How the guideline value of Manju Nagar has changed

Looking at the revisions over the years, the guideline value for Manju Nagar has seen significant changes. In 2007, the value was Rs 20 per sq.ft, which increased to Rs 70 per sq.ft in 2012, marking a rise of 250%. However, this value decreased to Rs 47 per sq.ft in 2017, reflecting a decline of 33%. The value then jumped to Rs 100 per sq.ft in 2023 and remained the same in 2024, showing no change between these two years.

From 2017 to 2023, the increase was substantial at 113%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 400%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Anumandhakuppam

In addition to Manju Nagar, there are other streets in Anumandhakuppam under the Madurandakam SRO. The guideline value for these streets is as follows:

• Golden Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Manju Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Manju Nagar?

The Sub Registrar Office that covers Manju Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anumandhakuppam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must ensure that the sale price is in line with or above the guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Manju Nagar?

The current guideline value of Manju Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, marking an overall increase of 400% over the years.

What is the stamp duty for property in Manju Nagar?

The stamp duty for property in Manju Nagar is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Which office handles registrations for Manju Nagar?

The Madurandakam Sub Registrar Office handles registrations for Manju Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

Are there other streets with guideline values in Anumandhakuppam?

Yes, there are other streets in Anumandhakuppam with guideline values. For example, Golden Nagar also has a guideline value of Rs 100 per sq.ft as of 2024.