Guideline Value for Tambaram - Manimangalam Road

Tambaram - Manimangalam Road guideline value

The current guideline value of Tambaram - Manimangalam Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Mudichur village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Tambaram - Manimangalam Road has changed

The guideline value for this road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 2,000 per sq.ft, and the most recent 2024 revision increased it further to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

In total, from 2012 to 2024, the guideline value has increased by 10%. The changes between individual revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft. The guideline value for Tambaram - Manimangalam Road aligns with the median value of Rs 2,200 per sq.ft for the area.

• Tambaram Mudichur Co-Operative Mahanagar: Rs 3,650 per sq.ft (2024)
• Tambaram to Mudichur Road: Rs 3,630 per sq.ft (2024)
• Swamy Nagar: Rs 3,630 per sq.ft (2024)
• Suraj Avenue Extension: Rs 2,200 per sq.ft (2024)
• Suraj Avenue: Rs 2,200 per sq.ft (2024)
• Sundaradas Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram - Manimangalam Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the 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 more information.

Which Sub Registrar Office covers Tambaram - Manimangalam Road?

The Tambaram - 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 details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Mudichur, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the property is valued fairly according to the current market standards set by the local authorities.

Frequently asked questions

What is the current guideline value for Tambaram - Manimangalam Road?

The current guideline value for Tambaram - Manimangalam Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase of 10% from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. It has also increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023.

What is the land classification for Tambaram - Manimangalam Road?

The land classification for Tambaram - Manimangalam Road is Residential Special Type - I, which indicates its intended use for residential purposes.

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, where property registrations for this area are processed.

How is stamp duty calculated for properties in Mudichur?

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