Guideline Value for Mannadiamman Koil Cross street

Mannadiamman Koil Cross street guideline value

The current guideline value for Mannadiamman Koil Cross street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Mannadiamman Koil Cross street has changed

The guideline value register has no figures for Mannadiamman Koil Cross street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision shows a guideline value of Rs 1,650 per sq.ft, which was set in 2024.

Since there are no figures available for the previous revisions, it can be stated that the guideline value for this street has not changed across the years mentioned above. The only available figure is from the 2024 revision.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Mannadiamman Koil Cross street's 2024 figure below that median.

• Mannadiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Manimegalai Street Cross: Rs 2,750 per sq.ft (2024)
• Manimegalai Street: Rs 2,750 per sq.ft (2024)
• Manikkavasagar Street: Rs 2,750 per sq.ft (2024)
• Manikkavasagar Cross Street: Rs 2,750 per sq.ft (2024)
• Manikavasagar Street, Ramakrishna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Mannadiamman Koil Cross street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value totals Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, resulting in a total cost of Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Mannadiamman Koil Cross street?

The Sub Registrar Office that covers Mannadiamman Koil Cross street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with regulatory standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that all parties involved are aware of the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of Mannadiamman Koil Cross street?

The current guideline value of Mannadiamman Koil Cross street is Rs 1,650 per sq.ft, effective from 1 July 2024.

What is the land classification of Mannadiamman Koil Cross street?

Mannadiamman Koil Cross street is classified as Residential Class II Type - II.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1,823 streets in Madipakkam-1 under the Velacheri SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.