Guideline Value for Mannan Kodisai 1st Street

Mannan Kodisai 1st Street guideline value

The current guideline value of Mannan Kodisai 1st Street is Rs 300 per sq.ft. This street is located in Vedapalayam village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Mannan Kodisai 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision. The 2023 revision also maintained the value at Rs 300 per sq.ft. The next revision in 2024 will again keep the value at Rs 300 per sq.ft, indicating a 0% change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, showing a significant increase of 49% by 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 400 per sq.ft. Mannan Kodisai 1st Street's 2024 figure is below this median.

• Mannan Kodisai 2st Street: Rs 300 per sq.ft (2024)
• Mannan Kodisai 3st Street: Rs 300 per sq.ft (2024)
• M.G.R Nagar: Rs 400 per sq.ft (2024)
• Muthu Krishna Avenu: Rs 400 per sq.ft (2024)
• Kozhambara Koil Street: Rs 400 per sq.ft (2024)
• Kozhambara Koil 2st Street: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mannan Kodisai 1st Street?

The Sub Registrar Office that covers Mannan Kodisai 1st 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vedapalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees. 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 Mannan Kodisai 1st Street?

The current guideline value of Mannan Kodisai 1st Street is Rs 300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The value will remain unchanged at Rs 300 per sq.ft in the 2024 revision.

What is the land classification for Mannan Kodisai 1st Street?

Mannan Kodisai 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Uthiramerur Sub Registrar Office?

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

How is stamp duty calculated for properties in Mannan Kodisai 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.