Guideline Value for HARIKRISHNAN PERUMAL KOIL STREET

Harikrishnan Perumal Koil Street guideline value

The current guideline value of Harikrishnan Perumal Koil Street is Rs 1,200 per sq.ft. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Harikrishnan Perumal Koil Street has changed

The guideline value for Harikrishnan Perumal Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 86 per sq.ft. This increased to Rs 98 per sq.ft in 2003, then saw a significant rise to Rs 200 per sq.ft in 2007. By 2012, the value was Rs 1,100 per sq.ft, but it dropped to Rs 737 per sq.ft in 2017. The value then increased to Rs 1,100 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,200 per sq.ft.

Between the revisions, several notable changes occurred. From 2002 to 2003, the increase was +14%. The guideline value rose by +104% from 2003 to 2007, followed by a significant increase of +450% from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a +9% increase. Overall, from 2002 to 2024, the guideline value has increased by +1295%.

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 aligns with the current guideline value of Harikrishnan Perumal Koil Street.

• Harikrishnapuram: Rs 1,200 per sq.ft (2024)
• Idapalayam (Puratcomhikavi Bharathidasan Street): Rs 1,200 per sq.ft (2024)
• Grama Street: Rs 1,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,200 per sq.ft (2024)
• Jaageer Hussain Street: Rs 1,200 per sq.ft (2024)
• Jalaganda Mariamman Koil Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Harikrishnan Perumal Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harikrishnan Perumal Koil Street?

The Sub Registrar Office that covers Harikrishnan Perumal Koil 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 in the registration of property transactions in Manali. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is appropriately documented and taxed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Harikrishnan Perumal Koil Street?

The current guideline value of Harikrishnan Perumal Koil 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 changed from Rs 86 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of +1295% over the years.

What are the other streets in Manali with the same guideline value?

Other streets in Manali with a 2024 guideline value of Rs 1,200 per sq.ft include Harikrishnapuram, Idapalayam (Puratcomhikavi Bharathidasan Street), Grama Street, Indira Gandhi Street, Jaageer Hussain Street, and Jalaganda Mariamman Koil Street.

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 the stamp duty calculated for properties in Harikrishnan Perumal Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 84,000, with an additional registration fee of Rs 24,000.