Guideline Value for Manohar Nagar Extn

Manohar Nagar Extn guideline value

The current guideline value of Manohar Nagar Extn is Rs 700 per sq.ft, as per the 2023 revision. This area is located in Unamancheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Manohar Nagar Extn has changed

The guideline value of Manohar Nagar Extn has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a substantial rise of 180%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, which represented a decrease of 33%. The most recent revision in 2023 set the guideline value back to Rs 700 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from 2007 to 2023, the guideline value has increased by 180%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures provided for Unamancheri. However, Manohar Nagar Extn is part of the Unamancheri area, which is governed by the Gooduvancheri SRO.

Stamp duty and registration fee for property in Manohar Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty, charged at 7%, would amount to Rs 49,000, while the registration fee, charged at 2%, would be Rs 14,000. Together, the total cost for stamp duty and registration would be Rs 63,000. It is essential to remember that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manohar Nagar Extn?

The Sub Registrar Office that covers Manohar Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Unamancheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area. The guideline value is set by the government and is updated periodically based on various factors.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current value of the land.

Frequently asked questions

What is the current guideline value of Manohar Nagar Extn?

The current guideline value of Manohar Nagar Extn is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and finally returned to Rs 700 per sq.ft in 2023.

What are the stamp duty and registration fees in Manohar Nagar Extn?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations in Manohar Nagar Extn?

The Gooduvancheri Sub Registrar Office handles property registrations for Manohar Nagar Extn, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a guideline value for 2024 for Manohar Nagar Extn?

No, the register has no figure for the 2024 revision for Manohar Nagar Extn.