Guideline Value for Main Road

Main Road guideline value

The current guideline value of Main Road in Mannoor village is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Main Road has changed

The guideline value for Main Road has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft, a figure that has remained consistent through the 2023 and 2024 revisions, showing no percentage change.

It is noteworthy that there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, placing Main Road's 2024 guideline value above this median.

• Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 200 per sq.ft (2024)
• Murugan Nagar: Rs 100 per sq.ft (2024)
• Muthu Street: Rs 200 per sq.ft (2024)
• Karthik Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Main Road

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Main Road?

The Sub Registrar Office that covers Main Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mannoor. It is used to determine the stamp duty and registration fees during the sale or purchase of a property. Buyers and sellers must consider this value as it directly impacts the financial obligations associated with the transaction.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately in government records. This value serves as a benchmark for assessing the property's worth and calculating the necessary fees, providing transparency in the real estate process.

Frequently asked questions

What is the current guideline value of Main Road, Mannoor?

The current guideline value of Main Road in Mannoor village is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Main Road has remained at Rs 600 per sq.ft from 2012 to 2024, with a drop to Rs 402 per sq.ft in 2017 before returning to Rs 600 per sq.ft in 2023.

What are the other streets in Mannoor and their guideline values?

Other streets in Mannoor include Lakshmi Nagar at Rs 250 per sq.ft, Mettu Street and Kulakkarai Street at Rs 200 per sq.ft, Murugan Nagar at Rs 100 per sq.ft, and Muthu Street at Rs 200 per sq.ft, along with Karthik Nagar at Rs 250 per sq.ft.

What are the stamp duty and registration fees for a property in Main Road?

For a property valued at Rs 6,00,000 on Main Road, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations for Main Road?

The Sriperumpudur Sub Registrar Office at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone handles property registrations for Main Road.