Guideline Value for MANNARSAMY KOIL STREET

Mannarsamy Koil Street guideline value

The current guideline value of Mannarsamy Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Mannarsamy Koil Street has changed

The guideline value for Mannarsamy Koil Street has seen significant changes over the years. In 2003, the value was Rs 672 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a change of +4%. The next revision in 2012 saw a substantial increase to Rs 4,000 per sq.ft, which represents a rise of +471% from 2007. The most recent revision in 2024 set the value at Rs 4,300 per sq.ft, reflecting an increase of +8% from 2012.

There are no figures available for the revisions in 2023, 2017, and 2002 for Mannarsamy Koil Street. Overall, from 2003 to 2024, the guideline value has increased by +540%.

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, with a median value of Rs 2,700 per sq.ft. Mannarsamy Koil Street's 2024 guideline value is above this median.

• Manimegalai Street: Rs 2,700 per sq.ft (2024)
• Ma.Po.Si Street: Rs 2,700 per sq.ft (2024)
• Manicka Vinayagar Koil Street: Rs 3,800 per sq.ft (2024)
• Manali Salai: Rs 4,900 per sq.ft (2024)
• Malligaipoo Colony Main Road: Rs 2,700 per sq.ft (2024)
• Malligaipoo Colony 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Mannarsamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. 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 Mannarsamy Koil Street?

The Sub Registrar Office that covers Mannarsamy Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mannarsamy Koil Street?

The current guideline value of Mannarsamy Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 672 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of +540% over the years.

What are the stamp duty and registration fees for property in Mannarsamy Koil Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 43,00,000, with a stamp duty of Rs 3,01,000 and a registration fee of Rs 86,000, totaling Rs 3,87,000.

Which Sub Registrar Office is responsible for Mannarsamy Koil Street?

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

Are there other streets in Perambur with different guideline values?

Yes, there are several other streets in Perambur with varying guideline values. For example, Manimegalai Street and Ma.Po.Si Street both have a guideline value of Rs 2,700 per sq.ft in 2024, while Manali Salai has a value of Rs 4,900 per sq.ft.