Guideline Value for Mannadiyamman Koil Street

Mannadiyamman Koil Street guideline value

The current guideline value of Mannadiyamman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Erumaiyur village and falls under the Padappai SRO. The land classification for this area is Residential Class I Type - I.

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 the 2012 revision, the value was set at Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and then rose again to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Erumaiyur

In Erumaiyur, there are 21 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median value for these streets is Rs 940 per sq.ft, placing Mannadiyamman Koil Street's current value below that median.

• Kumaran Nagar: Rs 440 per sq.ft (2024)
• Keerthi Nagar: Rs 940 per sq.ft (2024)
• Om Shakthi Nagar (S.No.145, 142/2): Rs 1,650 per sq.ft (2024)
• Indhra Gandhi Street: Rs 550 per sq.ft (2024)
• GR Nagar and Extn: Rs 940 per sq.ft (2024)
• Ganesh Nagar: Rs 550 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that 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 details.

Which Sub Registrar Office covers Mannadiyamman Koil Street?

The Sub Registrar Office that covers Mannadiyamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is assessed to ensure that the transaction is accurately reflected in the official records. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Mannadiyamman Koil Street?

The current guideline value of Mannadiyamman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Mannadiyamman Koil Street?

The land classification for Mannadiyamman Koil Street is Residential Class I Type - I.

Where can I find the registration office for Mannadiyamman Koil Street?

The registration office for Mannadiyamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in Mannadiyamman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 5,50,000, with a stamp duty of Rs 38,500.