Guideline Value for Manthoppu Street (Brindavan Avenue)

Manthoppu Street (Brindavan Avenue) guideline value

The current guideline value of Manthoppu Street (Brindavan Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Manthoppu Street (Brindavan Avenue) has changed

The guideline value for Manthoppu Street has seen several revisions over the years. In 2002, the value was Rs 227 per sq.ft, which increased to Rs 280 in 2003, marking a change of +23%. The value further rose to Rs 400 in 2007, showing an increase of +43%. However, there was a significant drop to Rs 2,680 in 2017, reflecting a decrease of -33%. The value then rose to Rs 4,000 in 2012, before reaching Rs 4,000 again in 2023. The latest revision in 2024 saw a further increase to Rs 4,400, which is a +10% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1838%. There are no figures available for the revisions in the years that do not have specific values listed for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Manthoppu Street's 2024 figure above this median.

• Mariammankoil Street: Rs 2,200 per sq.ft (2024)
• Market Area: Rs 6,600 per sq.ft (2024)
• Market area Shanmugam Street: Rs 6,600 per sq.ft (2024)
• Market Road: Rs 6,600 per sq.ft (2024)
• Market Road Balance: Rs 6,600 per sq.ft (2024)
• Mangalapuram 2nd St: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Manthoppu Street (Brindavan Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Manthoppu Street (Brindavan Avenue)?

The Sub Registrar Office that covers Manthoppu Street (Brindavan Avenue) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Tambaram, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is assessed at a fair price for taxation purposes, which helps maintain transparency in real estate transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Manthoppu Street (Brindavan Avenue)?

The current guideline value of Manthoppu Street (Brindavan Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 227 in 2002 to Rs 4,400 in 2024, reflecting an overall increase of +1838% over the years.

What are the stamp duty and registration fees for properties in Manthoppu Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Manthoppu Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Manthoppu Street (Brindavan Avenue), located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Manthoppu Street?

Manthoppu Street (Brindavan Avenue) is classified as Residential Special Type - II, indicating its designated use for residential purposes.