Guideline Value for Manthoppu Salai

Manthoppu Salai guideline value

The current guideline value of Manthoppu Salai is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Special Type - III.

How the guideline value of Manthoppu Salai has changed

The guideline value for Manthoppu Salai has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 sets the value at Rs 1,700 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 59%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Manthoppu Salai's 2024 figure above this median.

• Masilamani Nagar: Rs 1,300 per sq.ft (2024)
• Mahathama Gandhi Street: Rs 1,300 per sq.ft (2024)
• Mel Ayanambakkam Road: Rs 1,300 per sq.ft (2024)
• Mel Ayanampakkam Perumal Koil Main Street: Rs 1,100 per sq.ft (2024)
• Metro City Society (Phase I): Rs 1,700 per sq.ft (2024)
• Metro City Society (Phase II): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Manthoppu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, leading to a total of Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manthoppu Salai?

The Sub Registrar Office covering Manthoppu Salai is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor in the registration process for property transactions in 44.Ayanambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers 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 Manthoppu Salai?

The current guideline value of Manthoppu Salai is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in 2024, marking an overall increase of 59% from 2017 to 2024.

What are the other streets in 44.Ayanambakkam with their guideline values?

Other streets in 44.Ayanambakkam include Masilamani Nagar and Mahathama Gandhi Street, both at Rs 1,300 per sq.ft, and Mel Ayanambakkam Road at Rs 1,300 per sq.ft. Additionally, Mel Ayanampakkam Perumal Koil Main Street is at Rs 1,100 per sq.ft, while Metro City Society (Phase I and II) is at Rs 1,700 per sq.ft.

What is the registration fee for properties in Manthoppu Salai?

The registration fee for properties is calculated based on the guideline value. For instance, for a property valued at Rs 17,00,000, the registration fee would be Rs 34,000, which is 2% of the guideline value.

Where can I find the Sub Registrar Office for Manthoppu Salai?

The Konnur Sub Registrar Office covers Manthoppu Salai, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.