Guideline Value for 200 FEET INNER RING ROAD

200 Feet Inner Ring Road guideline value

The current guideline value of 200 Feet Inner Ring Road is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Manali village under the Thiruvottiyur SRO and is classified as Commercial Class I Type - II.

How the guideline value of 200 Feet Inner Ring Road has changed

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, and 2017 for 200 Feet Inner Ring Road. In the 2023 revision, the guideline value was Rs 1,001 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,001 per sq.ft, resulting in a change of +0% between these two years.

This consistency indicates that there has been no fluctuation in the guideline value for this street over the last two revisions. The 2024 figure is below the median guideline value of Rs 1,200 per sq.ft for other streets in Manali.

Guideline values in Manali

In Manali, there are 84 streets under the Thiruvottiyur SRO with guideline values ranging from Rs 1,001 to Rs 3,300 per sq.ft. The 200 Feet Inner Ring Road guideline value is below the median of Rs 1,200 per sq.ft. Below are the guideline values for other streets in Manali:

• 200 Ft Inner Ring Road: Rs 1,001 per sq.ft (2024)
• Vimalapuram All Streets: Rs 1,200 per sq.ft (2024)
• Velmuthu Mariamman Nagar: Rs 1,200 per sq.ft (2024)
• Varadharajan Street: Rs 1,500 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,200 per sq.ft (2024)
• Thiruvenkadam Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Feet Inner Ring Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. 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 200 Feet Inner Ring Road?

The 200 Feet Inner Ring Road falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Manali. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. This value helps ensure that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the costs associated with the transaction. Buyers should consider this value when negotiating the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of 200 Feet Inner Ring Road?

The current guideline value of 200 Feet Inner Ring Road is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,001 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for 200 Feet Inner Ring Road?

The land classification for 200 Feet Inner Ring Road is Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Manali?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.