Guideline Value for PALLAKKU MANYAM 3rd lane

PALLAKKU MANYAM 3rd lane guideline value

The current guideline value of PALLAKKU MANYAM 3rd lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This lane is located in Mylapore village under the Mylapore SRO, classified as Residential Class V Type - III.

How the guideline value of PALLAKKU MANYAM 3rd lane has changed

The guideline value for PALLAKKU MANYAM 3rd lane has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 3,000 per sq.ft. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for PALLAKKU MANYAM 3rd lane in the revisions of 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

Mylapore has a total of 883 streets under the Mylapore SRO, with guideline values 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, placing PALLAKKU MANYAM 3rd lane's 2024 figure below that median.

• PALLAKKU MANYAM 1st lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 2nd lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 4th lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 5th lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 6th lane: Rs 3,300 per sq.ft (2024)
• Pallakku Manyam 14th Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in PALLAKKU MANYAM 3rd 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PALLAKKU MANYAM 3rd lane?

The PALLAKKU MANYAM 3rd lane falls under the jurisdiction of the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the fees reflect the official valuation of the property, maintaining transparency in the registration process.

Frequently asked questions

What is the current guideline value of PALLAKKU MANYAM 3rd lane?

The current guideline value of PALLAKKU MANYAM 3rd 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, with no changes in 2023. The overall change from 2012 to 2024 is a 10% increase.

Which Sub Registrar Office covers PALLAKKU MANYAM 3rd lane?

The Mylapore Sub Registrar Office covers PALLAKKU MANYAM 3rd lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

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

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

Where can I find more information about guideline values in Mylapore?

You can find more information about guideline values for various streets in Mylapore through the Registration Department's guideline value register (TNReginet).