Guideline Value for Manoharan Street

Manoharan Street guideline value

The current guideline value of Manoharan Street, located in Egmore village under the Periamet SRO, is Rs 8,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Manoharan Street has changed

Over the years, the guideline value of Manoharan Street has seen significant changes. The 2007 revision recorded a value of Rs 2,000 per sq.ft, which rose to Rs 7,600 per sq.ft in 2012, marking an increase of 280%. However, the value decreased to Rs 5,092 per sq.ft in 2017, representing a decline of 33%. The subsequent revisions saw a substantial rise, with the 2023 revision setting the value at Rs 7,600 per sq.ft, which then increased by 9% to the current value of Rs 8,300 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 315%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Manoharan Street's 2024 guideline value of Rs 8,300 per sq.ft is above this median.

• Manohar Avenue: Rs 10,100 per sq.ft (2024)
• Manoharan Lane: Rs 7,100 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value would be Rs 83,00,000. The stamp duty at 7% would amount to Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, making the total charges Rs 7,47,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manoharan Street?

The Sub Registrar Office that covers Manoharan Street 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

The guideline value plays a crucial role in the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated appropriately.

When buying or selling property, the guideline value is used to assess the transaction's worth for legal and taxation purposes. This ensures transparency and helps in maintaining a standard for property transactions in the region.

Frequently asked questions

What is the current guideline value of Manoharan Street?

The current guideline value of Manoharan Street is Rs 8,300 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 2,000 per sq.ft in 2007 to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of 315%.

Which Sub Registrar Office covers Manoharan Street?

Manoharan Street is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the stamp duty and registration fees for properties in Manoharan Street?

For a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000 and the registration fee would be Rs 1,66,000, totaling Rs 7,47,000.

What is the land classification of Manoharan Street?

Manoharan Street falls under the Residential Class I Type - III land classification.