Guideline Value for Mannan Gudisai 1st Street

Mannan Gudisai 1st Street guideline value

The current guideline value of Mannan Gudisai 1st Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Mannan Gudisai 1st Street has changed

The guideline value for Mannan Gudisai 1st Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 100 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a 600% rise. However, in 2017, the value decreased to Rs 469 per sq.ft, a reduction of 33%. The value then rose to Rs 700 per sq.ft in 2023 and remained unchanged through to the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The current value of Rs 700 per sq.ft has been consistent since 2023, with no changes noted from that year to the 2024 revision. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Mannan Gudisai 1st Street is below this median.

• Mannan Gudisai 2nd Street: Rs 700 per sq.ft (2024)
• Mannan Gudisai 3rd Street: Rs 700 per sq.ft (2024)
• Manithottam: Rs 700 per sq.ft (2024)
• Malliyankaranai: Rs 700 per sq.ft (2024)
• Malligapuram Suppan Street: Rs 350 per sq.ft (2024)
• Malligapuram 4th Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Mannan Gudisai 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. 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 Mannan Gudisai 1st Street?

The Mannan Gudisai 1st Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When registering a property, the guideline value is considered along with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Mannan Gudisai 1st Street?

The current guideline value of Mannan Gudisai 1st Street is Rs 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 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft since 2023.

What is the median guideline value for streets in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, with Mannan Gudisai 1st Street's value being below this median.

What are the stamp duty and registration fees for a property in Mannan Gudisai 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,00,000, leading to a stamp duty of Rs 49,000 and a registration fee of Rs 14,000, totaling Rs 63,000.

Which office handles property registration for Mannan Gudisai 1st Street?

The Uthiramerur Sub Registrar Office handles property registration for Mannan Gudisai 1st Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.