Guideline Value for Mannan Kodisai 2st Street

Mannan Kodisai 2st Street guideline value

The current guideline value of Mannan Kodisai 2st Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village, under the Uthiramerur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mannan Kodisai 2st Street has changed

The guideline value for Mannan Kodisai 2st Street has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was set at Rs 300 per sq.ft. In 2017, it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, by 2023, the value increased to Rs 300 per sq.ft, and it remained unchanged in the 2024 revision, reflecting a 49% increase from the 2017 figure. There are no figures available 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 300 per sq.ft. The consistent value in 2023 and 2024 indicates stability in the guideline value for this street in recent years.

Guideline values in Vedapalayam

In Vedapalayam village, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Mannan Kodisai 2st Street is below this median.

• Mannan Kodisai 1st 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 2st 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 is charged at 7%, totaling Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Together, the total fees would be Rs 27,000. 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 Kodisai 2st Street?

The Mannan Kodisai 2st 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 details.

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

The guideline value is a crucial factor when registering property transactions in Vedapalayam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mannan Kodisai 2st Street?

The current guideline value of Mannan Kodisai 2st Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, reflecting a 49% increase.

What is the land classification for Mannan Kodisai 2st Street?

The land classification for Mannan Kodisai 2st Street is Residential Class II Type - I, indicating its designated use for residential purposes.

What are the stamp duty rates for property in this area?

The stamp duty for property in Mannan Kodisai 2st Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value or sale price.

Where is the Uthiramerur Sub Registrar Office located?

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