Guideline Value for Mannadiyamman Koil First Lane

Mannadiyamman Koil First Lane guideline value

The current guideline value of Mannadiyamman Koil First Lane 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 First Lane has changed

The guideline value for Mannadiyamman Koil First Lane has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 238 per sq.ft. This increased to Rs 272 per sq.ft in 2003, marking a 14% rise. In 2007, the value saw a significant increase to Rs 650 per sq.ft, which is a 139% change. The value remained unchanged in the register for 2012, but in that year, it was recorded at Rs 3,500 per sq.ft, indicating a substantial jump of 438% from 2007. However, the value dropped to Rs 2,345 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,500 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an 11% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,539%.

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 aligns with the guideline value of Mannadiyamman Koil First Lane.

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

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, leading to a total of Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mannadiyamman Koil First Lane?

The Sub Registrar Office that covers Mannadiyamman Koil First 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 must be paid when buying or selling property. The value is set by the government and is subject to periodic revisions to reflect changes in the real estate market.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Mannadiyamman Koil First Lane?

The current guideline value of Mannadiyamman Koil First 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 seen several revisions, increasing from Rs 238 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, which is an overall increase of 1,539%.

What is the stamp duty rate for property in Mannadiyamman Koil First Lane?

The stamp duty rate for property transactions in Mannadiyamman Koil First Lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mannadiyamman Koil First Lane located?

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

How is the guideline value determined?

The guideline value is determined by the government and is revised periodically to reflect changes in the real estate market. It serves as a benchmark for calculating stamp duty and registration fees during property transactions.