Guideline Value for Mannan Gudisai 2nd Street

Mannan Gudisai 2nd Street guideline value

The current guideline value of Mannan Gudisai 2nd 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 2nd Street has changed

The guideline value for Mannan Gudisai 2nd Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, it then decreased to Rs 469 per sq.ft in the 2017 revision before stabilizing at Rs 700 per sq.ft in both the 2023 and 2024 revisions. The register does not contain figures for the years 2002 and 2003 for this street.

From the 2017 to 2023 revision, there was a notable increase of 49%. The 2012 to 2017 revision showed a decrease of 33%, while the jump from 2007 to 2012 was substantial at 600%. Overall, from 2007 to 2024, the guideline value has increased by 600%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Mannan Gudisai 2nd Street's 2024 figure below this median.

• Mannan Gudisai 1st 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 2nd 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 for these charges to Rs 63,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mannan Gudisai 2nd Street?

The Sub Registrar Office covering Mannan Gudisai 2nd Street is 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 details.

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

The guideline value plays a crucial role in property transactions within Uthiramerur. It is the benchmark used to calculate the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value is assessed alongside the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Mannan Gudisai 2nd Street?

The current guideline value of Mannan Gudisai 2nd 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, decreased to Rs 469 per sq.ft in 2017, and stabilized at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Mannan Gudisai 2nd Street?

Mannan Gudisai 2nd Street is classified as Residential Class III Type - I.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.