Guideline Value for Vivekannanda Nagar Manoranjetham Street

Vivekannanda Nagar Manoranjetham Street guideline value

The current guideline value of Vivekannanda Nagar Manoranjetham Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Vivekannanda Nagar Manoranjetham Street has changed

The guideline value for Vivekannanda Nagar Manoranjetham Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase from Rs 2,500 per sq.ft in the 2023 revision. Notably, there was no change in the value from 2012 to 2023, where it remained at Rs 2,500 per sq.ft. The overall change from the 2012 revision to the 2024 revision is an increase of 8%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions that impact the current guideline value are from 2012, 2023, and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value across these streets is Rs 2,400 per sq.ft, positioning Vivekannanda Nagar Manoranjetham Street above this median at Rs 2,700 per sq.ft.

• Vivekannanda Nagar Malligai Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Masilamani Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Lilli Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Mullai Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Kanakambaram Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Parijatham Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekannanda Nagar Manoranjetham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekannanda Nagar Manoranjetham Street?

The Vivekannanda Nagar Manoranjetham Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600053, 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 is a crucial factor during property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the government receives appropriate revenue through stamp duties and registration fees. It helps maintain transparency in property transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Vivekannanda Nagar Manoranjetham Street?

The current guideline value of Vivekannanda Nagar Manoranjetham Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There was no change from 2012 to 2023, with the value remaining at Rs 2,500 per sq.ft.

What is the land classification of this street?

Vivekannanda Nagar Manoranjetham Street is classified as Residential Special Type - II.

Which office handles registrations for this street?

The Ambattur Sub Registrar Office handles registrations for Vivekannanda Nagar Manoranjetham Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600053, Chennai registration zone.

How are stamp duties calculated for properties in this area?

Stamp duties are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.