Guideline Value for Mannadiamman Koil Street

Mannadiamman Koil Street guideline value

The current guideline value of Mannadiamman Koil Street is Rs 1,650 per sq.ft. 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 Street has changed

According to the guideline value register, there are no recorded figures for Mannadiamman Koil Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,650 per sq.ft.

There have been no changes in the guideline value for this street between the revisions listed above. The 2024 revision is the only figure available for Mannadiamman Koil Street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Mannadiamman Koil Street's 2024 figure is below that median.

• Mannadiamman Koil Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Please 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 detailed calculations.

Which Sub Registrar Office covers Mannadiamman Koil Street?

The Mannadiamman Koil Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific Sub Registrar Office, you can visit find your SRO.

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

The guideline value plays a crucial role 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 that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. It is important to note that these fees are based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Mannadiamman Koil Street?

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

What land classification does Mannadiamman Koil Street fall under?

Mannadiamman Koil Street is classified as Residential Class II Type - II.

Are there any previous guideline value figures for Mannadiamman Koil Street?

The register has no figures for Mannadiamman Koil Street for the years 2023, 2017, 2012, 2007, 2003, and 2002.

How is the stamp duty calculated for properties in Mannadiamman Koil Street?

Stamp duty for properties in Mannadiamman Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Velacheri Sub Registrar Office?

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