Guideline Value for Manoranjitham Nagar

Manoranjitham Nagar guideline value

The current guideline value of Manoranjitham Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village under the Padappai SRO, classified as Residential Special Type - II.

How the guideline value of Manoranjitham Nagar has changed

The guideline value for Manoranjitham Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. The value increased significantly to Rs 700 per sq.ft in the 2023 revision, and the most recent 2024 revision has raised it to Rs 770 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 1,980 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Manoranjitham Nagar's current value below this median.

• Nadesanar Street: Rs 1,100 per sq.ft (2024)
• Nethaji Nagar: Rs 1,100 per sq.ft (2024)
• New Portia: Rs 1,100 per sq.ft (2024)
• Nivedhidha Nagar: Rs 1,100 per sq.ft (2024)
• Nivethitha Nagar Extension: Rs 1,100 per sq.ft (2024)
• Kanniyammal Nagar Extn 1 to 5: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Manoranjitham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Manoranjitham Nagar?

The Sub Registrar Office that covers Manoranjitham Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pazhanthandalam. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair estimate of the property's worth.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Manoranjitham Nagar?

The current guideline value of Manoranjitham Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the stamp duty for property in Manoranjitham Nagar?

The stamp duty for property in Manoranjitham Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 7,70,000, the stamp duty would be Rs 53,900.

What is the registration fee for properties in this area?

The registration fee for properties in Manoranjitham Nagar is 2% of the guideline value or sale price. For the same plot, the registration fee would be Rs 15,400.

Where can I find the Sub Registrar Office for Manoranjitham Nagar?

The Sub Registrar Office for Manoranjitham Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.