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Guideline Value

Corporate

Guideline Value for PALLAKKU MANYAM 6th lane

₹3300/sq.ft.

The guideline value for Pallakku Manyam 6th 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 ₹900 /sq.ft.
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 6th Lane

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PALLAKKU MANYAM 6th lane guideline value

The current guideline value of PALLAKKU MANYAM 6th 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 6th lane has changed

The guideline value for PALLAKKU MANYAM 6th lane has seen significant changes over the years. The 2007 revision set the value at Rs 900 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2012 revision. There was no figure available for this street in the 2017, 2003, and 2002 revisions. The value remained unchanged at Rs 3,000 per sq.ft from 2012 until the 2023 revision, which raised it to Rs 3,300 per sq.ft. The latest revision in 2024 confirmed this rate at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. The increase from 2012 to 2023 was 0%, while the jump from 2007 to 2012 was a substantial 233%.

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, with a median value of Rs 8,800 per sq.ft. The guideline value of PALLAKKU MANYAM 6th lane is below this median.

Stamp duty and registration fee for property in PALLAKKU MANYAM 6th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty is charged at 7%, which totals Rs 2,31,000, and the registration fee is 2%, amounting to Rs 66,000. Therefore, the total cost for stamp duty and registration fees together is Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers PALLAKKU MANYAM 6th lane?

The Sub Registrar Office that covers PALLAKKU MANYAM 6th 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 an essential factor in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions and helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of PALLAKKU MANYAM 6th lane?

The current guideline value of PALLAKKU MANYAM 6th 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 changed significantly, from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 267%.

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

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.

Which office handles registrations for PALLAKKU MANYAM 6th lane?

The Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018, handles registrations for this lane.

What is the significance of the guideline value in property transactions?

The guideline value is crucial in property transactions as it determines the minimum registration value and helps calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.