Guideline Value for Manoharan Street

Manoharan Street guideline value

The current guideline value of Manoharan Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Manoharan Street has changed

Starting from the 2012 revision, the guideline value for Manoharan Street was Rs 800 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a reduction of 33%. The 2023 revision saw a significant increase to Rs 800 per sq.ft, and the latest revision in 2024 further raised the value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions indicate a fluctuation in the values, with the most notable increase of 49% occurring from 2017 to 2023.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. Manoharan Street's 2024 guideline value of Rs 880 per sq.ft is above this median.

• Mangalam Nagar: Rs 803 per sq.ft (2024)
• Masuthi Street: Rs 805 per sq.ft (2024)
• Mamathu Street: Rs 805 per sq.ft (2024)
• Malliga Nagar: Rs 990 per sq.ft (2024)
• Mahalakshmi Street (Ashok Nagar): Rs 880 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Manoharan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manoharan Street?

The Sub Registrar Office that covers Manoharan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is taken into account for calculating the applicable stamp duty and registration fees, ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Manoharan Street?

The current guideline value of Manoharan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, and increasing to Rs 800 per sq.ft in 2023, before reaching Rs 880 per sq.ft in 2024.

What is the land classification of Manoharan Street?

Manoharan Street is classified as Residential Class II Type - I according to the guidelines set by the Registration Department.

Where can I find the Sub Registrar Office for Manoharan Street?

The Sub Registrar Office for Manoharan Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be calculated at 7% of this amount.