Guideline Value for Mannadiyamman Koil Street

Mannadiyamman Koil Street guideline value

The current guideline value of Mannadiyamman Koil Street 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 Street has changed

The guideline value for Mannadiyamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 276 per sq.ft, which increased to Rs 315 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. The most notable change occurred from 2007 to 2012, where the value surged by 338%. Overall, from 2002 to 2024, the guideline value has increased by 1313%.

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 current guideline value of Mannadiyamman Koil Street.

• Mannadiyamman Koil First Lane: Rs 3,900 per sq.ft (2024)
• Mannadiyamman Koil Cross 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 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, while the registration fee at 2% would be Rs 78,000. Together, these fees would total Rs 3,51,000. It is important to note that 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 Street?

The Sub Registrar Office that covers Mannadiyamman Koil 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

The guideline value plays a crucial role during the registration of property transactions in Adambakkam. 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 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, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Mannadiyamman Koil Street?

The current guideline value of Mannadiyamman Koil 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 several times, starting from Rs 276 per sq.ft in 2002 to the current Rs 3,900 per sq.ft in 2024, reflecting a significant overall increase of 1313% since 2002.

What are the stamp duty and registration fees for properties on this street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 39,00,000, the total fees would amount to Rs 3,51,000.

Which office handles property registrations for Mannadiyamman Koil Street?

The Alandur Sub Registrar Office is responsible for property registrations in Mannadiyamman Koil Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Mannadiyamman Koil Street?

The land classification for Mannadiyamman Koil Street is Residential Class I Type - III, indicating its designation for residential use within the area.