Guideline Value for ETTIYAPPAN STREET

Ettiyappan Street guideline value

The current guideline value of Ettiyappan 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 Ettiyappan Street has changed

The guideline value for Ettiyappan Street has undergone several revisions over the years. In 2002, the value was Rs 92 per sq.ft, which increased to Rs 105 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase to Rs 200 per sq.ft in 2007, which was a 90% jump. Following this, the value surged to Rs 1,100 per sq.ft in 2012, reflecting a 450% increase. However, it decreased to Rs 737 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 1,100 per sq.ft in 2023, and most recently, it has reached Rs 1,200 per sq.ft in 2024, representing a 9% increase.

It is important to note that the register has no figures for the years between these revisions for Ettiyappan Street. The overall change from 2002 to 2024 is an increase of 1,204%.

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. The median value is Rs 1,200 per sq.ft, which is equal to the current guideline value of Ettiyappan Street.

• E.V.R. Periyar Road: Rs 1,200 per sq.ft (2024)
• Ekambara Pillai Street: Rs 1,200 per sq.ft (2024)
• Duraiswamy Street: Rs 1,200 per sq.ft (2024)
• Duraiswamy Iyar Street: Rs 1,200 per sq.ft (2024)
• Gandhi Street: Rs 1,200 per sq.ft (2024)
• Dr. Rajendra Prasad Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value is 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, making the total charges Rs 1,08,000. Please note that the 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 Ettiyappan Street?

The Sub Registrar Office that covers Ettiyappan Street is 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 during property registration in Manali. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ettiyappan Street?

The current guideline value of Ettiyappan 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 92 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 1,204% over the years.

What are the stamp duty and registration fees for properties on Ettiyappan Street?

For a 1,000 sq.ft property, the total guideline value is Rs 12,00,000. The stamp duty at 7% is Rs 84,000, and the registration fee at 2% is Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office handles registrations for Ettiyappan Street?

The Thiruvottiyur Sub Registrar Office handles registrations for Ettiyappan Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Where can I find more information about guideline values in Manali?

You can find more information about guideline values in Manali by checking the official registration department's guideline value register or visiting the Thiruvottiyur Sub Registrar Office.