Guideline Value for Masilamanieswarar Koil Street(Manikanda Puram)

Masilamanieswarar Koil Street(Manikanda Puram) guideline value

The current guideline value of Masilamanieswarar Koil Street(Manikanda Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Masilamanieswarar Koil Street(Manikanda Puram) has changed

The guideline value for Masilamanieswarar Koil Street(Manikanda Puram) has seen several revisions over the years. In 2002, the value was Rs 144 per sq.ft, which increased to Rs 170 per sq.ft in 2003, marking an 18% rise. The value continued to grow, reaching Rs 400 per sq.ft in 2007, a significant increase of 135%. By 2012, the value was Rs 2,200 per sq.ft, reflecting a 450% increase from the previous revision. However, it then dropped to Rs 1,474 per sq.ft in 2017, a decrease of 33% from the 2012 figure.

In the following years, the guideline value rose again, reaching Rs 2,200 per sq.ft in 2023, which represented a 49% increase from 2017. The most recent revision in 2024 has set the value at Rs 2,400 per sq.ft, marking a 9% increase from the previous year. The register has no figure for any other years for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which is equal to the current value of Masilamanieswarar Koil Street(Manikanda Puram).

• Masilamanieswarar Nagar: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 5th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Masilamanieswarar Koil Street(Manikanda Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees would be Rs 2,16,000. It is important to 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 details.

Which Sub Registrar Office covers Masilamanieswarar Koil Street(Manikanda Puram)?

The Sub Registrar Office that covers Masilamanieswarar Koil Street(Manikanda Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as the basis for calculating the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is often used to determine the minimum value of the property for registration purposes.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Masilamanieswarar Koil Street(Manikanda Puram)?

The current guideline value of Masilamanieswarar Koil Street(Manikanda Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 144 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1567% over the years.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft include Masilamanieswarar Nagar, Masilamanieswarar Nagar 1st Street, Masilamanieswarar Nagar 2nd Street, Masilamanieswarar Nagar 3rd Street, Masilamanieswarar Nagar 4th Street, and Masilamanieswarar Nagar 5th Street.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivoyal?

The stamp duty for properties in Thirumullaivoyal is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.