Guideline Value for Mannarswami Koil Street

Mannarswami Koil Street guideline value

The current guideline value of Mannarswami Koil Street is Rs 1,760 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mannarswami Koil Street has changed

The guideline value for Mannarswami Koil Street has seen significant changes over the years. In 2003, the value was Rs 271 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking an 11% rise. The value then surged to Rs 1,072 per sq.ft in 2017, reflecting a substantial increase of 257%. The next revision in 2023 set the value at Rs 1,600 per sq.ft, a 49% jump from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, representing a 10% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 549%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in the village is Rs 1,980 per sq.ft, which means Mannarswami Koil Street's 2024 value is below this median.

• Mannarsamy Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Marian Street: Rs 1,760 per sq.ft (2024)
• Mahathma Nagr Ist Street: Rs 2,350 per sq.ft (2024)
• Mahathma Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Mahatama Nagar: Rs 2,350 per sq.ft (2024)
• Mettu Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Mannarswami Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mannarswami Koil Street?

The Sub Registrar Office that covers Mannarswami Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. 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 sold, the guideline value helps ensure that the transaction is recorded accurately and transparently. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mannarswami Koil Street?

The current guideline value of Mannarswami Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 271 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 549% over the years.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Mannarswami Koil Street?

The Pammal Sub Registrar Office handles property registrations for Mannarswami Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the sale is recorded accurately and that the appropriate fees are paid based on the property's value.