Guideline Value for MANNKOLLAI

Mannkollai guideline value

The current guideline value of Mannkollai is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class IV Type - II.

How the guideline value of Mannkollai has changed

The guideline value for Mannkollai has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 7,000 per sq.ft. Prior to that, in 2012, the value was also Rs 7,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes reflect the adjustments made in the 2023 and 2024 revisions, while the value remained unchanged from 2012 to 2023.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Mannkollai is below this median.

• Mari Chetty Street: Rs 7,100 per sq.ft (2024)
• Manickam Avenue: Rs 8,200 per sq.ft (2024)
• Marvadi Thottam: Rs 6,000 per sq.ft (2024)
• Masilamani Colony Street: Rs 8,800 per sq.ft (2024)
• Mandaveli Street: Rs 8,800 per sq.ft (2024)
• Masilamani Mudali Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Mannkollai

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mannkollai?

The Sub Registrar Office that covers Mannkollai is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mylapore, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding disputes related to property valuation and ensures a smooth transaction.

Frequently asked questions

What is the current guideline value of Mannkollai?

The current guideline value of Mannkollai is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024. It remained the same at Rs 7,000 per sq.ft from 2012 to 2023.

What is the stamp duty for property in Mannkollai?

The stamp duty for property in Mannkollai is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mannkollai?

The Sub Registrar Office for Mannkollai is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street Alwarpet, Chennai -600018.

What is the land classification for Mannkollai?

Mannkollai is classified as Residential Class IV Type - II under the Mylapore SRO.