Guideline Value for Mudichur Manimangalam Road

Mudichur Manimangalam Road guideline value

The current guideline value of Mudichur Manimangalam Road is Rs 880 per sq.ft, effective from 1 July 2024. This road is located in Manimangalam A village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mudichur Manimangalam Road has changed

The guideline value for Mudichur Manimangalam Road has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the guideline value for Mudichur Manimangalam Road.

• M.S.Subhulakshmi Nagar: Rs 1,430 per sq.ft (2024)
• M.S. Subbulakshmi Nagar Annex: Rs 1,430 per sq.ft (2024)
• MR Nagar: Rs 770 per sq.ft (2024)
• M.R.K. Nagar: Rs 880 per sq.ft (2024)
• MGR Street: Rs 880 per sq.ft (2024)
• Nadu Perumal Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mudichur Manimangalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 Mudichur Manimangalam Road?

The Mudichur Manimangalam Road is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Manimangalam A. It is used to determine the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures transparency and helps in maintaining a standardized approach to property transactions.

Frequently asked questions

What is the current guideline value of Mudichur Manimangalam Road?

The current guideline value of Mudichur Manimangalam Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, which is a total increase of 64% over the seven years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Mudichur Manimangalam Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the other streets in Manimangalam A with guideline values?

Other streets in Manimangalam A include M.S.Subhulakshmi Nagar, M.S. Subbulakshmi Nagar Annex, MR Nagar, M.R.K. Nagar, MGR Street, and Nadu Perumal Koil Street, each with varying guideline values.