Guideline Value for Mannadiyamman Koil 2nd Lane

Mannadiyamman Koil 2nd Lane guideline value

The current guideline value of Mannadiyamman Koil 2nd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Mannadiyamman Koil 2nd Lane has changed

The guideline value for Mannadiyamman Koil 2nd Lane has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 222 per sq.ft, which increased to Rs 253 per sq.ft in 2003, marking a change of +14%. In 2007, the value saw a significant rise to Rs 650 per sq.ft, an increase of +157%. The value then jumped to Rs 3,500 per sq.ft in 2012, reflecting a substantial increase of +438%. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of -33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in 2024, which is an increase of +11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1657%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with the median value being Rs 3,900 per sq.ft. The guideline value for Mannadiyamman Koil 2nd Lane is equal to this median.

• Mannadiyamman Koil Cross Street: Rs 3,900 per sq.ft (2024)
• Mannadiyamman Koil First Lane: Rs 3,900 per sq.ft (2024)
• Mannadiyamman Koil Street: Rs 3,900 per sq.ft (2024)
• Marisan 1st Lane: Rs 3,900 per sq.ft (2024)
• Marisan 2nd Lane: Rs 3,900 per sq.ft (2024)
• Marisan 2nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mannadiyamman Koil 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value is Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mannadiyamman Koil 2nd Lane?

The Sub Registrar Office that covers Mannadiyamman Koil 2nd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is considered to ensure that the transaction is in compliance with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mannadiyamman Koil 2nd Lane?

The current guideline value of Mannadiyamman Koil 2nd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 222 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +1657% over the years.

What is the land classification for Mannadiyamman Koil 2nd Lane?

The land classification for Mannadiyamman Koil 2nd Lane is Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mannadiyamman Koil 2nd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%.