Guideline Value for MULAPURAM ROAD (BARATHIAR STREET)

Mulapuram Road (Barathiar Street) guideline value

The current guideline value of Mulapuram Road (Barathiar Street) is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Mulapuram Road (Barathiar Street) has changed

The guideline value for Mulapuram Road (Barathiar Street) has undergone several revisions over the years. In 2002, the guideline value was Rs 138 per sq.ft, which increased to Rs 157 per sq.ft in 2003. This was followed by a significant rise to Rs 300 per sq.ft in 2007, and then to Rs 1,100 per sq.ft in 2012. However, in 2017, the value decreased to Rs 737 per sq.ft. The most recent revisions show an increase to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

Between the revisions, notable changes include a 14% increase from 2002 to 2003, a 91% increase from 2003 to 2007, a 267% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. Overall, the guideline value has increased by 770% from 2002 to 2024.

Guideline values in Manali

In Manali, 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 guideline value is Rs 1,200 per sq.ft, which is equal to the 2024 figure for Mulapuram Road (Barathiar Street).

• Munuswamy Mudaliar Street / Munuswamy Street: Rs 1,200 per sq.ft (2024)
• M.P.S. Street: Rs 1,200 per sq.ft (2024)
• Muthu Mariamman Nagar: Rs 1,200 per sq.ft (2024)
• Mu. Varadharajan Street: Rs 1,200 per sq.ft (2024)
• M.G.R. Street: Rs 1,200 per sq.ft (2024)
• Mathur Salai (Periya Thoppu): Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mulapuram Road (Barathiar 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, bringing the total fees together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mulapuram Road (Barathiar Street)?

The Sub Registrar Office that covers Mulapuram Road (Barathiar Street) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Manali. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

During the registration process, the authorities will charge the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mulapuram Road (Barathiar Street)?

The current guideline value of Mulapuram Road (Barathiar 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 from Rs 138 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 770% over this period.

What are the stamp duty and registration fees for property in Mulapuram Road (Barathiar Street)?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

What is the land classification for Mulapuram Road (Barathiar Street)?

Mulapuram Road (Barathiar Street) is classified as Residential Special Type - II under the current regulations.

Which Sub Registrar Office covers Mulapuram Road (Barathiar Street)?

The Thiruvottiyur Sub Registrar Office covers Mulapuram Road (Barathiar Street), located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.