Guideline Value for Manthoppu Street

Manthoppu Street guideline value

The current guideline value of Manthoppu Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Manthoppu Street has changed

In the 2017 revision, the guideline value was recorded at Rs 134 per sq.ft. However, in the subsequent revisions, the value remained unchanged at Rs 100 per sq.ft for both the 2023 and 2024 revisions, reflecting a decrease of 25% from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 100 per sq.ft. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has decreased by 25%.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Manthoppu Street is below this median.

• Mayana Salai: Rs 100 per sq.ft (2024)
• Mekkar Street: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 per sq.ft (2024)
• Madha Koil Street Nedunsalai: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Manthoppu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total costs together to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Manthoppu Street?

The Sub Registrar Office that covers Manthoppu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential for buyers and sellers to be aware of the current guideline value to facilitate smooth transactions and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Manthoppu Street?

The current guideline value of Manthoppu Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has decreased by 25%, from Rs 134 per sq.ft to Rs 100 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Manthoppu Street?

Manthoppu Street falls under the Residential Class IV Type - I land classification.

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

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

How is stamp duty calculated for properties in Manthoppu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.