Guideline Value for MAA.PO.SI STREET

Maa.Po.Si Street guideline value

The current guideline value of Maa.Po.Si Street in Manali village, under the Thiruvottiyur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Maa.Po.Si Street has changed

The guideline value for Maa.Po.Si Street has undergone several revisions over the years. In 2002, the value was Rs 93 per sq.ft, which increased to Rs 106 per sq.ft in 2003. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, and then it saw a substantial jump to Rs 1,100 per sq.ft in 2012. However, it decreased to Rs 737 per sq.ft in 2017, before rising again to Rs 1,100 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,200 per sq.ft.

Between the revisions, the changes are as follows: from 2002 to 2003, there was a 14% increase; from 2003 to 2007, the value increased by 89%; from 2007 to 2012, it rose by 450%; from 2012 to 2017, it decreased by 33%; and from 2017 to 2023, there was a 49% increase. The change from 2023 to 2024 is a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 1190%.

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 is the same as the guideline value for Maa.Po.Si Street.

• Lal Bahadhur Sasthri Street: Rs 1,500 per sq.ft (2024)
• Manali Express Road: Rs 3,300 per sq.ft (2024)
• Labbai Medu: Rs 1,200 per sq.ft (2024)
• Kuttiyappan Street: Rs 1,200 per sq.ft (2024)
• Mathur Salai (Periya Thoppu): Rs 1,200 per sq.ft (2024)
• Kollu Medu: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Maa.Po.Si 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, leading to a total of 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 Maa.Po.Si Street?

The Sub Registrar Office that covers Maa.Po.Si 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 critical factor during the registration of property transactions in Manali. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Maa.Po.Si Street?

The current guideline value of Maa.Po.Si 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 over the years, with the most recent revision in 2024 setting the value at Rs 1,200 per sq.ft. The value has increased from Rs 93 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024.

What is the land classification for Maa.Po.Si Street?

Maa.Po.Si Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Maa.Po.Si Street?

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