Guideline Value for MANOHARAN STREET

Manoharan Street guideline value

The current guideline value of Manoharan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Manoharan Street has changed

The guideline value for Manoharan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 2,000 per sq.ft, reflecting a decrease of 33% from the 2017 figure.

There are no registered figures for Manoharan Street for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Manoharan Street's 2024 figure below this median.

• Marden Avenue, Ganga Nagar Ext: Rs 1,980 per sq.ft (2024)
• Marden Avenue, Sumuga Vinayagar Koil Street: Rs 1,980 per sq.ft (2024)
• Manikandan Street: Rs 2,200 per sq.ft (2024)
• Manickam Nagar 2nd Cross St.: Rs 2,160 per sq.ft (2024)
• Manickam Nagar 1st Cross St.: Rs 2,160 per sq.ft (2024)
• Manickam Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Manoharan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manoharan Street?

The Sub Registrar Office that covers Manoharan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Kilkattalai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Manoharan Street?

The current guideline value of Manoharan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the registration fee for property in Manoharan Street?

The registration fee for property in Manoharan Street is calculated based on the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000 at a rate of 2%.

Which office handles property registrations for Manoharan Street?

The Pallavaram Sub Registrar Office handles property registrations for Manoharan Street. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value for streets in Kilkattalai?

The median guideline value for streets in Kilkattalai is Rs 2,530 per sq.ft. Manoharan Street's guideline value of Rs 2,200 per sq.ft is below this median.