Guideline Value for Mannarsamy koil Street

Mannarsamy koil Street guideline value

The current guideline value of Mannarsamy koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Mannarsamy koil Street has changed

The guideline value for Mannarsamy koil Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Mannarsamy koil Street's 2024 figure above this median.

• Mariamman koil Street: Rs 1,980 per sq.ft (2024)
• Mangalapuram Colony Road: Rs 1,980 per sq.ft (2024)
• Mangalapuram: Rs 1,980 per sq.ft (2024)
• Maruthy Enclave: Rs 1,870 per sq.ft (2024)
• Maruthy Nagar: Rs 1,870 per sq.ft (2024)
• Mangadu Main Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Mannarsamy koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. The 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 on fees.

Which Sub Registrar Office covers Mannarsamy koil Street?

The Sub Registrar Office that covers Mannarsamy koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is an essential factor in property transactions in Mangadu -A, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mannarsamy koil Street?

The current guideline value of Mannarsamy koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the land classification of Mannarsamy koil Street?

Mannarsamy koil Street is classified as Residential Special Type - III, which indicates the type of development permissible in this area.

Where can I find the registration office for Mannarsamy koil Street?

The registration office for Mannarsamy koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty and registration fees are 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 would incur a total fee of Rs 1,78,200.