Guideline Value for NELSON MANICKAM ROAD

Nelson Manickam Road guideline value

The current guideline value of Nelson Manickam Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village and falls under the Kodambakkam SRO, classified as Commercial Special Type - I.

How the guideline value of Nelson Manickam Road has changed

The guideline value for Nelson Manickam Road has seen significant changes over the years. In 2002, the value was Rs 2,289 per sq.ft, which increased to Rs 2,531 per sq.ft in 2003, marking an 11% rise. By 2007, the value jumped to Rs 3,505 per sq.ft, reflecting a 38% increase from the previous revision. The 2012 revision saw a substantial increase to Rs 10,000 per sq.ft, which is a 185% rise from 2007. The most recent revision in 2024 set the value at Rs 11,000 per sq.ft, a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 381%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Nelson Manickam Road's 2024 figure above this median.

• Nerkundram 1st Cross Street: Rs 5,000 per sq.ft (2024)
• Nerkundram Pathai: Rs 6,300 per sq.ft (2024)
• Nehru Street (Choolaimedu High Road East Side): Rs 5,300 per sq.ft (2024)
• Nehru Street (Anna Nedumpathai Left Side): Rs 5,000 per sq.ft (2024)
• New Arockiasamy Street: Rs 3,800 per sq.ft (2024)
• Neelakandan Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nelson Manickam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, resulting in a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nelson Manickam Road?

The Sub Registrar Office that covers Nelson Manickam Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the established value of the property.

When registering a property, the guideline value is referenced to assess the transaction's legitimacy and to calculate the necessary fees. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nelson Manickam Road?

The current guideline value of Nelson Manickam Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 2,289 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 381%.

What are the other streets in Puliyur and their guideline values?

Other streets in Puliyur include Nerkundram 1st Cross Street at Rs 5,000 per sq.ft, Nerkundram Pathai at Rs 6,300 per sq.ft, and Nehru Street (Choolaimedu High Road East Side) at Rs 5,300 per sq.ft, among others.

What is the stamp duty for property on Nelson Manickam Road?

The stamp duty for property on Nelson Manickam Road is calculated at 7% of the guideline value. For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000.

Where can I find the Sub Registrar Office for Nelson Manickam Road?

The Sub Registrar Office for Nelson Manickam Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.