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Guideline Value

Corporate

Guideline Value for PALLAKKU MANYAM 2nd lane

₹3300/sq.ft.

The guideline value for Pallakku Manyam 2nd Lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pallakku Manyam 2nd Lane

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PALLAKKU MANYAM 2nd lane guideline value

The current guideline value of PALLAKKU MANYAM 2nd 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 2nd lane has changed

The guideline value for PALLAKKU MANYAM 2nd lane has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that PALLAKKU MANYAM 2nd lane's 2024 figure is below this median.

Stamp duty and registration fee for property in PALLAKKU MANYAM 2nd lane

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

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

Which Sub Registrar Office covers PALLAKKU MANYAM 2nd lane?

The PALLAKKU MANYAM 2nd lane is covered by 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 plays a crucial role in the registration process for property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of PALLAKKU MANYAM 2nd lane?

The current guideline value of PALLAKKU MANYAM 2nd 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 remained at Rs 3,000 per sq.ft from 2012 to 2023, before increasing to Rs 3,300 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000 in PALLAKKU MANYAM 2nd lane, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office should I visit for property transactions in PALLAKKU MANYAM 2nd lane?

The Mylapore Sub Registrar Office covers PALLAKKU MANYAM 2nd lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

Are there other streets in Mylapore with the same guideline value?

Yes, several other streets in Mylapore also have a guideline value of Rs 3,300 per sq.ft for the year 2024, including PALLAKKU MANYAM 1st lane, PALLAKKU MANYAM 3rd lane, and others.