Guideline Value for Mannappan Street

Mannappan Street guideline value

The current guideline value of Mannappan Street is Rs 3,300 per sq.ft. This street is located in Kottur village, under the Adayar SRO, and is classified as Residential Class V Type - III.

How the guideline value of Mannappan Street has changed

The guideline value for Mannappan Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and then rose again to the current figure of Rs 3,300 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, there has been a cumulative increase of 10% in the guideline value.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. Mannappan Street's current guideline value is below this median.

• Malligaipoo Nagar Slum: Rs 3,300 per sq.ft (2024)
• Muthulakshmi Salai (L.B. Road): Rs 12,700 per sq.ft (2024)
• Kulakkarai Road: Rs 5,000 per sq.ft (2024)
• Naidu Street: Rs 9,400 per sq.ft (2024)
• Naidu Street Balakrishnan Lane: Rs 5,500 per sq.ft (2024)
• Naidu Street Extension: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mannappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, leading to a total cost of Rs 2,97,000. 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 Mannappan Street?

The Sub Registrar Office that covers Mannappan Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kottur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it influences the overall cost of the transaction. Ensuring accurate calculations based on the guideline value can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mannappan Street?

The current guideline value of Mannappan Street is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and is now Rs 3,300 per sq.ft in 2024.

What is the land classification for Mannappan Street?

Mannappan Street is classified as Residential Class V Type - III.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Mannappan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a stamp duty of Rs 2,31,000.