Guideline Value for Mannadiyamman Koil Cross Street

Mannadiyamman Koil Cross Street guideline value

The current guideline value of Mannadiyamman Koil Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Mannadiyamman Koil Cross Street has changed

The guideline value for Mannadiyamman Koil Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 234 per sq.ft. This increased to Rs 267 per sq.ft in 2003, followed by a substantial rise to Rs 650 per sq.ft in 2007. The value then jumped dramatically to Rs 3,500 per sq.ft in 2012, before decreasing to Rs 2,345 per sq.ft in 2017. The value increased again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. The increase from 2007 to 2012 was remarkable at 438%, and from 2003 to 2007, the value rose by 143%. Additionally, from 2002 to 2003, there was a 14% increase. Overall, from 2002 to 2024, the guideline value has increased by 1567%.

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. The median value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Mannadiyamman Koil Cross Street.

• Mannadiyamman Koil 2nd Lane: 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 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be 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, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mannadiyamman Koil Cross Street?

The Sub Registrar Office that covers Mannadiyamman Koil Cross Street 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

When buying or selling property in Adambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum value at which properties in a specific area can be registered.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value of Mannadiyamman Koil Cross Street?

The current guideline value of Mannadiyamman Koil Cross Street 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 significantly, increasing from Rs 234 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1567%.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam with the same guideline value of Rs 3,900 per sq.ft include Mannadiyamman Koil 2nd Lane, Mannadiyamman Koil First Lane, Mannadiyamman Koil Street, Marisan 1st Lane, Marisan 2nd Lane, and Marisan 2nd Street.

What fees are applicable when buying property in Mannadiyamman Koil Cross Street?

When buying property, the applicable fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Mannadiyamman Koil Cross Street?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, covering Mannadiyamman Koil Cross Street.