Guideline Value for Manoharan Lane

Manoharan Lane guideline value

The current guideline value of Manoharan Lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Manoharan Lane has changed

The guideline value for Manoharan Lane has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it then dropped to Rs 4,355 per sq.ft in 2017. The value rose again to Rs 6,500 per sq.ft in 2023, and most recently, it has increased to Rs 7,100 per sq.ft in 2024, reflecting a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 373%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which aligns with the current value for Manoharan Lane.

• Manoharan Street: Rs 8,300 per sq.ft (2024)
• Manohar Avenue: Rs 10,100 per sq.ft (2024)
• Marshall Road: Rs 18,100 per sq.ft (2024)
• Marthandam Road: Rs 3,400 per sq.ft (2024)
• Mangali Amman Koil Street: Rs 3,400 per sq.ft (2024)
• Mangalapuram 9th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Manoharan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total charges to Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manoharan Lane?

The Sub Registrar Office that covers Manoharan Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

When buying or selling property in Egmore, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of purchasing property. Understanding how the guideline value is set and revised can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Manoharan Lane?

The current guideline value of Manoharan Lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 373% over this period.

What are the stamp duty and registration fees for property in Manoharan Lane?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Manoharan Lane?

The Periamet Sub Registrar Office covers Manoharan Lane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Manoharan Lane?

Manoharan Lane is classified as Residential Class II Type - I under the Periamet SRO.