Guideline Value for AAMULLAI VOYAL STREET

Aamullai Voyal Street guideline value

The current guideline value of Aamullai Voyal Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Aamullai Voyal Street has changed

The guideline value for Aamullai Voyal Street has undergone several revisions over the years. In 2002, the value was Rs 85 per sq.ft, which increased to Rs 97 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 200 per sq.ft in 2007, representing a 106% increase. Following this, the value surged to Rs 1,100 per sq.ft in 2012, a remarkable 450% increase from the previous revision. However, it then decreased to Rs 737 per sq.ft in 2017, reflecting a 33% drop. The guideline value further rose to Rs 1,100 per sq.ft in 2023, and finally reached Rs 1,200 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1312%. There are no figures available for revisions in the years not mentioned in this context.

Guideline values in Manali

In Manali village, 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. The median value is Rs 1,200 per sq.ft, which is equal to the current guideline value of Aamullai Voyal Street.

• Anbazhagan Street: Rs 1,550 per sq.ft (2024)
• Anna Salai / 1st Street & 2nd Street: Rs 1,550 per sq.ft (2024)
• Anna Street: Rs 1,500 per sq.ft (2024)
• Aringnar Anna Nagar / Cross Street: Rs 1,200 per sq.ft (2024)
• Balaraman Street: Rs 1,500 per sq.ft (2024)
• Bharathidasan Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Aamullai Voyal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aamullai Voyal Street?

The Sub Registrar Office that covers Aamullai Voyal Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Manali. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the buyer must pay stamp duty and registration fees based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aamullai Voyal Street?

The current guideline value of Aamullai Voyal Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 85 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 1312% over this period.

What is the land classification of Aamullai Voyal Street?

Aamullai Voyal Street is classified as Residential Special Type - II.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Aamullai Voyal Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 84,000.