Guideline Value for IDAPALAYAM (PURATCOMHIKAVI BHARATHIDASAN STREET)

Idapalayam (Puratcomhikavi Bharathidasan Street) guideline value

The current guideline value of Idapalayam (Puratcomhikavi Bharathidasan Street) is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Idapalayam (Puratcomhikavi Bharathidasan Street) has changed

The guideline value for Idapalayam (Puratcomhikavi Bharathidasan Street) has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012, marking a substantial rise of 450%. However, in 2017, the value decreased to Rs 737 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,100 per sq.ft in 2023, and most recently, it has been revised to Rs 1,200 per sq.ft in 2024, a change of 9% from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 500%. The changes between the revisions illustrate the fluctuations in the guideline value over the years, with notable increases and decreases affecting the pricing structure.

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. Idapalayam (Puratcomhikavi Bharathidasan Street) aligns with this median value at Rs 1,200 per sq.ft.

• Indira Gandhi Street: Rs 1,200 per sq.ft (2024)
• Harikrishnapuram: Rs 1,200 per sq.ft (2024)
• Harikrishnan Perumal Koil Street: Rs 1,200 per sq.ft (2024)
• Grama 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 Idapalayam (Puratcomhikavi Bharathidasan 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, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Idapalayam (Puratcomhikavi Bharathidasan Street)?

The Sub Registrar Office that covers Idapalayam (Puratcomhikavi Bharathidasan 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 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 registering a property, the guideline value is used to calculate the taxes owed, ensuring compliance with local regulations.

Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process. It is advisable to consult the latest guideline values to ensure accurate calculations of the associated costs when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Idapalayam (Puratcomhikavi Bharathidasan Street)?

The current guideline value of Idapalayam (Puratcomhikavi Bharathidasan 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 significantly, starting from Rs 200 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 500% over the years.

What is the land classification for Idapalayam (Puratcomhikavi Bharathidasan Street)?

The land classification for Idapalayam (Puratcomhikavi Bharathidasan Street) is 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 Idapalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.