Guideline Value for PALLAKKU MANYAM 14TH LANE

Pallakku Manyam 14th Lane guideline value

The current guideline value of Pallakku Manyam 14th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Pallakku Manyam 14th Lane has changed

Since the 2012 revision, the guideline value for Pallakku Manyam 14th Lane has seen a total increase of 10%. The 2012 revision recorded a guideline value of Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 3,000 per sq.ft, but it rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2017 for this street. Therefore, the only available figures are from 2012, 2023, and 2024.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Pallakku Manyam 14th Lane's 2024 figure below the median.

• Pallakku Manyam 13th Lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 1st lane: Rs 3,300 per sq.ft (2024)
• Pallakku Manyam 12th Lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 2nd lane: Rs 3,300 per sq.ft (2024)
• Pallakku Manyam 11th Lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 3rd lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pallakku Manyam 14th Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallakku Manyam 14th Lane?

The Sub Registrar Office that covers Pallakku Manyam 14th Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Pallakku Manyam 14th Lane?

The current guideline value of Pallakku Manyam 14th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a total increase of 10%. There were no recorded figures for the years 2002, 2003, 2007, and 2017.

What is the registration fee for property in Pallakku Manyam 14th Lane?

The registration fee is typically 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Where is the Sub Registrar Office for Pallakku Manyam 14th Lane located?

The Sub Registrar Office for Pallakku Manyam 14th Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Mylapore?

Stamp duty is calculated at a rate of 7% on the guideline value or the sale price, whichever is higher. For a property with a guideline value of Rs 33,00,000, the stamp duty would amount to Rs 2,31,000.