Guideline Value for Manthaveli Amman Koil Street

Manthaveli Amman Koil Street guideline value

The current guideline value of Manthaveli Amman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Manthaveli Amman Koil Street has changed

Looking at the historical revisions, the guideline value for Manthaveli Amman Koil Street was Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017. Following this, it returned to Rs 250 per sq.ft in the 2023 revision, and has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 50%, while from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value among these streets is Rs 402 per sq.ft, indicating that the guideline value of Manthaveli Amman Koil Street is below this median.

• Malleeswara Koil Street: Rs 250 per sq.ft (2024)
• M.G.R. Street: Rs 402 per sq.ft (2024)
• LookMan Nagar: Rs 250 per sq.ft (2024)
• Modern Avenue: Rs 600 per sq.ft (2024)
• Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Lakshmana Narayana Perumal Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Manthaveli Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Manthaveli Amman Koil Street?

The Sub Registrar Office that covers Manthaveli Amman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karasangal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transfer of ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Manthaveli Amman Koil Street?

The current guideline value of Manthaveli Amman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2024 and 2023, increased from Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft from Rs 250 in 2012.

What is the median guideline value in Karasangal?

The median guideline value in Karasangal is Rs 402 per sq.ft, with Manthaveli Amman Koil Street's value being below this median.

What are the stamp duty rates for properties in Manthaveli Amman Koil Street?

The stamp duty for properties in Manthaveli Amman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Manthaveli Amman Koil Street located?

The Sub Registrar Office for Manthaveli Amman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.