Guideline Value for PALLAKKU MANYAM link road

PALLAKKU MANYAM link road guideline value

The current guideline value of PALLAKKU MANYAM link road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road 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 link road has changed

The guideline value for PALLAKKU MANYAM link road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 900 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a growth of 233%. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a rise of 10%.

Notably, the guideline value for PALLAKKU MANYAM link road was not recorded in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

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 value is Rs 8,800 per sq.ft, placing PALLAKKU MANYAM link road's 2024 figure below this median.

• PALLAKKU MANYAM 9th LANE: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM main road: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 8th lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 7th lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 6th lane: Rs 3,300 per sq.ft (2024)
• PALLAKKU MANYAM 5th lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in PALLAKKU MANYAM link road

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, totaling 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 precise calculations based on your property details.

Which Sub Registrar Office covers PALLAKKU MANYAM link road?

The PALLAKKU MANYAM link road falls under the jurisdiction of the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your specific SRO, you can visit find your SRO.

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

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

When buying or selling property, the guideline value helps both parties understand the expected value of the property based on current market conditions. This ensures transparency and fairness in transactions, as the guideline value reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of PALLAKKU MANYAM link road?

The current guideline value of PALLAKKU MANYAM link road 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 is the registration office for PALLAKKU MANYAM link road?

The registration office for PALLAKKU MANYAM link road is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What are the stamp duty and registration fees for properties on this road?

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.

What is the land classification of PALLAKKU MANYAM link road?

PALLAKKU MANYAM link road is classified as Residential Class V Type - III.