Guideline Value for Manohar Nagar

Manohar Nagar guideline value

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

How the guideline value of Manohar Nagar has changed

The guideline value for Manohar Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 120 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a substantial rise of 483%. However, in the 2017 revision, the value decreased to Rs 469 per sq.ft, a drop of 33%. The latest 2023 revision has brought the guideline value back up to Rs 700 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 483%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. The guideline value for Manohar Nagar is one of the few figures noted in the area. There are no other streets in Unamancheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Manohar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Manohar Nagar?

The Sub Registrar Office that covers Manohar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Manohar Nagar?

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

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 483%, with significant changes noted between various revisions, including a drop from 2012 to 2017.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,000.

Is there a guideline value for the year 2024?

There is no figure available for the year 2024 in the guideline value register for Manohar Nagar.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.