Guideline Value for Mannady Street

Mannady Street guideline value

The current guideline value of Mannady Street in Koyakbedu village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Mannady Street has changed

The guideline value for Mannady Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision saw a substantial increase to Rs 3,000 per sq.ft, followed by a further increase of 10% to the current value of Rs 3,300 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as per the 2024 revision. The median guideline value for the village is Rs 4,400 per sq.ft, placing Mannady Street's 2024 figure below this median.

• Mangammal Colony: Rs 3,300 per sq.ft (2024)
• Malligai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Mahalingam Street: Rs 3,300 per sq.ft (2024)
• Maghilambu Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Mettu Kulam: Rs 2,200 per sq.ft (2024)
• L bLOCK (WEST)-4TH AVENUE 171 TO 192,KURUNJI COLONY,MULLAI COLONY,NALANDHA FLATS,SINDU FLATS: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mannady Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mannady Street?

The Mannady Street falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than fluctuating market prices.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mannady Street?

The current guideline value of Mannady Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 230% over the years.

What are the stamp duty and registration fees for property in Mannady Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Mannady Street?

The AnnaNagar Sub Registrar Office covers Mannady Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Mannady Street?

Mannady Street is classified as Residential Class I Type - III under the guideline value register.