Guideline Value for 200 FT INNER RING ROAD

200 Ft Inner Ring Road guideline value

The current guideline value of 200 Ft Inner Ring Road in Manali village is Rs 1,002 per sq.ft, effective from 1 July 2024. This street falls under the Thiruvottiyur SRO and is classified as Industries Type - II.

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

The guideline value for 200 Ft Inner Ring Road has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions are from 2023 and 2024, with the 2023 figure at Rs 1,001 per sq.ft and the 2024 figure at Rs 1,002 per sq.ft, reflecting a change of +0%.

Prior to the 2023 revision, there were no recorded figures for the street in the years listed. The 2024 figure is the latest and indicates a slight increase from the previous year.

Guideline values in Manali

In Manali, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with a median value of Rs 1,200 per sq.ft. The guideline value for 200 Ft Inner Ring Road is below this median.

• 200 Feet 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 Ft Inner Ring Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, while the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers 200 Ft Inner Ring Road?

The Sub Registrar Office that covers 200 Ft Inner Ring Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit this link.

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, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of 200 Ft Inner Ring Road is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street has seen revisions in 2023 and 2024, with figures of Rs 1,001 and Rs 1,002 per sq.ft respectively. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

200 Ft Inner Ring Road is classified as Industries Type - II, which influences its guideline value and usage.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for 200 Ft Inner Ring Road?

The Sub Registrar Office for this area is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more information about your SRO through the provided link.