Guideline Value for KO. SU. MANI STREET

Ko. Su. Mani Street guideline value

The current guideline value of Ko. Su. Mani Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

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

Over the years, the guideline value of Ko. Su. Mani Street has seen significant changes. The earliest recorded figure in the register is from 2003, where the value was Rs 369 per sq.ft. This increased to Rs 550 per sq.ft in 2007, marking a 49% rise. The value then surged dramatically to Rs 2,500 per sq.ft in 2012, reflecting a 355% increase. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 2,700 per sq.ft, an 8% increase from the previous year.

There is no figure available for Ko. Su. Mani Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 632%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the guideline value for Ko. Su. Mani Street. Here are some other streets in Perambur:

• Kosapalayam: Rs 1,600 per sq.ft (2024)
• Konnur High Road (Medavakkam Tank To Ottery Bridge): Rs 5,500 per sq.ft (2024)
• Krishnadoss 1st Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 1st Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 2nd Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 2nd Street: Rs 3,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that 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 Ko. Su. Mani Street?

Ko. Su. Mani Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction. When a property is registered, the guideline value is used to calculate the duties, ensuring that both the buyer and seller are aware of the financial implications of the sale.

It is essential for buyers and sellers to be informed about the current guideline value, as it directly affects the costs associated with the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Perambur.

Frequently asked questions

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

The current guideline value of Ko. Su. Mani Street is Rs 2,700 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 369 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 632% over this period.

What is the land classification of Ko. Su. Mani Street?

Ko. Su. Mani Street is classified as Residential Class III Type - II.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Ko. Su. Mani Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000.