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Guideline Value

Corporate

Guideline Value for Mannarsamy Street (Pakoda Street)

₹4400/sq.ft.

The guideline value for Mannarsamy Street (pakoda Street) in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹982 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.11, Davidson Street, Sowcarpet, Chennai-01
044-25228102
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mannarsamy Street (pakoda Street)

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Mannarsamy Street (Pakoda Street) guideline value

The current guideline value of Mannarsamy Street (Pakoda Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the Sowcarpet SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mannarsamy Street (Pakoda Street) has changed

Over the years, the guideline value of Mannarsamy Street (Pakoda Street) has seen significant changes. Starting from the 2003 revision, the value was Rs 982 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, marking a rise of 22%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a substantial increase of 233%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the latest 2024 revision has raised it to Rs 4,400 per sq.ft, a 10% increase from the previous year.

In summary, from 2003 to 2024, the guideline value has increased by 348%. Notably, there are no figures available for the 2002 revision for this street.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is the same as the current value for Mannarsamy Street (Pakoda Street).

Stamp duty and registration fee for property in Mannarsamy Street (Pakoda Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, which totals Rs 3,08,000, and the registration fee is 2%, amounting to Rs 88,000. Therefore, the total cost for stamp duty and registration fee together is Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mannarsamy Street (Pakoda Street)?

The Sub Registrar Office that covers Mannarsamy Street (Pakoda Street) is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Muthiyalpet. It serves as the minimum value for which properties can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When you buy or sell property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Mannarsamy Street (Pakoda Street)?

The current guideline value of Mannarsamy Street (Pakoda Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 982 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 348% over this period.

What is the land classification for Mannarsamy Street (Pakoda Street)?

Mannarsamy Street (Pakoda Street) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Sowcarpet Sub Registrar Office located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. This ensures that the fees are based on the property's value.