Guideline Value for Mannadi St ( Ward No.5 )

Mannadi St ( Ward No.5 ) guideline value

The current guideline value of Mannadi St ( Ward No.5 ) 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 Mannadi St ( Ward No.5 ) has changed

The guideline value for Mannadi St ( Ward No.5 ) has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 804 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,300 per sq.ft, marking a significant change of +62% from the 2017 figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only recorded values are from 2017 and 2024.

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 Mannadi St ( Ward No.5 ) is below this median.

• Mannady Street (Ettapalayam): Rs 1,300 per sq.ft (2024)
• Manjambakkam to Assisi Nagar Road ( Ward No.6 ): Rs 1,300 per sq.ft (2024)
• Manjambakkam Road: 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 Mannadi St ( Ward No.5 )

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, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mannadi St ( Ward No.5 )?

The Sub Registrar Office that covers Mannadi St ( Ward No.5 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Mannadi St ( Ward No.5 )?

The current guideline value of Mannadi St ( Ward No.5 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Between the 2017 revision and the 2024 revision, the guideline value increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft, which is a change of +62%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Mannadi St ( Ward No.5 )?

Mannadi St ( Ward No.5 ) is classified as Residential Class III Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for property in Mannadi St ( Ward No.5 )?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Where is the Sub Registrar Office for Mannadi St ( Ward No.5 ) located?

The Sub Registrar Office covering Mannadi St ( Ward No.5 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.