Guideline Value for Manonmani Street

Manonmani Street guideline value

The current guideline value of Manonmani Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Manonmani Street has changed

The guideline value for Manonmani Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

There are also revisions for the years 2002, 2003, 2007, and 2012, but the register has no figure for this street in those years. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for the area is Rs 1,320 per sq.ft, making the 2024 figure for Manonmani Street below this median.

• Mariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Marudhupandiar Street: Rs 1,100 per sq.ft (2024)
• Marudhu Pandi Street: Rs 1,100 per sq.ft (2024)
• Malligai Street: Rs 1,100 per sq.ft (2024)
• Maruthi Street (15): Rs 1,100 per sq.ft (2024)
• Maruthi Street (8): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Manonmani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manonmani Street?

The Sub Registrar Office that covers Manonmani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the legal requirements.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable duties. This means that understanding the guideline value is essential for both parties involved in a real estate transaction.

Frequently asked questions

What is the current guideline value of Manonmani Street?

The current guideline value of Manonmani Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 in 2023, and finally to Rs 1,100 in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Pozhichalur with the same guideline value?

Other streets in Pozhichalur with a guideline value of Rs 1,100 per sq.ft in 2024 include Mariyamman Koil Street, Marudhupandiar Street, Marudhu Pandi Street, Malligai Street, and both Maruthi Street (15) and (8).

What fees are associated with buying property in Manonmani Street?

When buying property in Manonmani Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Manonmani Street?

The Sub Registrar Office for Manonmani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the area.