Guideline Value for MANNAR MUDALI 1ST STREET

Mannar Mudali 1st Street guideline value

The current guideline value of Mannar Mudali 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mannar Mudali 1st Street has changed

The guideline value for Mannar Mudali 1st Street has seen significant changes over the years. In the 2002 revision, the value was Rs 780 per sq.ft, which increased to Rs 857 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 1,400 per sq.ft in 2007, which was a 63% increase from the previous revision. By 2012, the guideline value remained at Rs 5,300 per sq.ft, showing no change from the 2012 revision to the 2023 revision, which also recorded Rs 5,300 per sq.ft.

In 2024, the guideline value increased to Rs 5,800 per sq.ft, reflecting a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has surged by 644%. It is important to note that the register has no figure for this street for the 2017 revision.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry 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, which matches the guideline value of Mannar Mudali 1st Street.

• Mannar Mudali 2nd Street: Rs 5,800 per sq.ft (2024)
• Mariamman Koil Street: Rs 4,600 per sq.ft (2024)
• Mangala Nagar: Rs 3,800 per sq.ft (2024)
• Mayor Sampandam Street: Rs 4,600 per sq.ft (2024)
• Meenakshi Nagar: Rs 3,300 per sq.ft (2024)
• METTU STREET (or) PALANI ANDAVAR KOIL STREET: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Mannar Mudali 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. Please 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 information.

Which Sub Registrar Office covers Mannar Mudali 1st Street?

The Sub Registrar Office that covers Mannar Mudali 1st Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid any discrepancies during registration. This ensures that all legal requirements are met and that the transaction is officially recorded in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Mannar Mudali 1st Street?

The current guideline value of Mannar Mudali 1st Street is Rs 5,800 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 780 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, representing an overall increase of 644% over the years.

What is the land classification for Mannar Mudali 1st Street?

Mannar Mudali 1st Street is classified as Residential Class I Type - I under the Kodambakkam SRO.

Where can I find the Sub Registrar Office for Mannar Mudali 1st Street?

The Kodambakkam Sub Registrar Office covers Mannar Mudali 1st Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Mannar Mudali 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 58,00,000, leading to a stamp duty of Rs 4,06,000.