Guideline Value for Mannan Kodisai 3st Street

Mannan Kodisai 3st Street guideline value

The current guideline value of Mannan Kodisai 3st 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 3st Street has changed

The guideline value for Mannan Kodisai 3st Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 300 per sq.ft. In 2017, the value decreased to Rs 201 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The most recent revision in 2024 has maintained the value at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for Mannan Kodisai 3st Street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Vedapalayam

In Vedapalayam, 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. Mannan Kodisai 3st Street's 2024 figure is below this median.

• Mannan Kodisai 2st Street: Rs 300 per sq.ft (2024)
• Mannan Kodisai 1st 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 3st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees 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 precise calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mannan Kodisai 3st Street?

The Sub Registrar Office that covers Mannan Kodisai 3st 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 during 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, ensuring that transactions are conducted at a standardized value.

When a property is sold, the guideline value is considered alongside the sale price, with the higher amount being used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mannan Kodisai 3st Street?

The current guideline value of Mannan Kodisai 3st Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a decrease in 2017 to Rs 201 per sq.ft, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained at Rs 300 per sq.ft.

What is the land classification for Mannan Kodisai 3st Street?

Mannan Kodisai 3st Street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Where can I find the Sub Registrar Office for Mannan Kodisai 3st Street?

The Uthiramerur Sub Registrar Office covers Mannan Kodisai 3st Street and is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.