Guideline Value for Manthoppu street

Manthoppu street guideline value

The current guideline value of Manthoppu street in Thirupachur village under the Tiruvallur Joint 1 SRO is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Manthoppu street has changed

In the 2007 revision, the guideline value for Manthoppu street was Rs 50 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 550 per sq.ft, marking a 1000% increase. However, in the 2017 revision, the value dropped to Rs 368 per sq.ft, reflecting a decrease of 33%. The guideline value remained at Rs 550 per sq.ft during the 2023 revision, and it has not changed in the 2024 revision, which also stands at Rs 550 per sq.ft, resulting in a 0% change from the previous year. Notably, there are no figures for this street in the 2002 and 2003 revisions.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1000%. The fluctuations in the guideline value over the years indicate varying trends, with the most recent revisions stabilizing at Rs 550 per sq.ft.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value of these streets is Rs 550 per sq.ft, which matches the guideline value of Manthoppu street.

• Mettu street: Rs 1,500 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)
• Periya Colony-Elliyamman Koil St: Rs 350 per sq.ft (2024)
• Kadai street: Rs 1,000 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Manthoppu street?

The Sub Registrar Office that covers Manthoppu street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thirupachur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that both buyers and sellers adhere to a standardized valuation.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manthoppu street?

The current guideline value of Manthoppu street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 550 per sq.ft in 2012, then decreased to Rs 368 per sq.ft in 2017, and remained at Rs 550 per sq.ft in 2023 and 2024.

What is the land classification of Manthoppu street?

Manthoppu street is classified as Residential Class II Type - II, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Manthoppu street located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value is Rs 5,50,000, leading to specific fees based on that value.