Guideline Value for Fathima Manzal Street

Fathima Manzal Street guideline value

The current guideline value of Fathima Manzal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Fathima Manzal Street has changed

Over the years, the guideline value of Fathima Manzal Street has seen significant changes. In 2003, the value was Rs 193 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a 107% rise. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a substantial increase of 400%. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024, showing a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1040%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Fathima Manzal Street's 2024 guideline value is below this median.

• Elumalai Street: Rs 3,300 per sq.ft (2024)
• Easwari Main Road: Rs 3,850 per sq.ft (2024)
• Easwari Main Cross Road: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Ganesan Street: Rs 2,200 per sq.ft (2024)
• Dharga Road (PART): Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Fathima Manzal Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Fathima Manzal Street?

The Sub Registrar Office that covers Fathima Manzal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Issa Pallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration process.

When a property is sold, the guideline value acts as a benchmark for calculating the applicable fees. It is essential to note that the fees are charged based on the higher of the guideline value or the sale price, ensuring that the registration process is fair and transparent.

Frequently asked questions

What is the current guideline value of Fathima Manzal Street?

The current guideline value of Fathima Manzal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 193 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 1040% over this period.

What is the land classification of Fathima Manzal Street?

Fathima Manzal Street falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Fathima Manzal Street?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Fathima Manzal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.