Guideline Value for KO. SU. MANI ROAD

Ko. Su. Mani Road guideline value

The current guideline value of Ko. Su. Mani Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Ko. Su. Mani Road has changed

The guideline value for Ko. Su. Mani Road has seen several revisions over the years. In 2002, the value was Rs 672 per sq.ft, which increased to Rs 738 per sq.ft in 2003, marking a change of +10%. By 2007, the value rose significantly to Rs 1,200 per sq.ft, reflecting an increase of +63%. The 2012 revision set the value at Rs 4,600 per sq.ft, showing a substantial increase of +283% from the previous figure.

In 2017, the guideline value was revised to Rs 3,082 per sq.ft, a decrease of -33% from 2012. The most recent revision in 2024 has set the value at Rs 5,000 per sq.ft, which is an increase of +62% from 2017. It is important to note that the register has no figure for this street for the year 2023.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that the 2024 guideline value for Ko. Su. Mani Road is below this median.

• Krishnan Colony: Rs 5,300 per sq.ft (2024)
• Krishnapuram: Rs 5,300 per sq.ft (2024)
• Kirupha Sankari Street: Rs 6,300 per sq.ft (2024)
• Khan Street: Rs 6,300 per sq.ft (2024)
• Kulakkarai Street: Rs 7,100 per sq.ft (2024)
• K.A. Thangavel Colony: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ko. Su. Mani Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value is Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees related to property transactions.

Which Sub Registrar Office covers Ko. Su. Mani Road?

The Sub Registrar Office that covers Ko. Su. Mani Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must consider this value as it affects the overall cost of property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ko. Su. Mani Road?

The current guideline value of Ko. Su. Mani Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 672 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing an overall increase of +644% over the years.

What is the land classification for Ko. Su. Mani Road?

Ko. Su. Mani Road is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Ko. Su. Mani Road?

The Sub Registrar Office for Ko. Su. Mani Road is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at 7%.