Guideline Value

Corporate

Guideline Value for PALLAKKU MANYAM main road

₹3300/sq.ft.

The guideline value for Pallakku Manyam Main Road 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 ₹2010 /sq.ft.
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 Main Road

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PALLAKKU MANYAM main road guideline value

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

How the guideline value of PALLAKKU MANYAM main road has changed

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

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Mylapore

Mylapore village 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 as of 2024. The median guideline value in the village is Rs 8,800 per sq.ft, placing PALLAKKU MANYAM main road's current value below this median.

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

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 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 details.

Which Sub Registrar Office covers PALLAKKU MANYAM main road?

The PALLAKKU MANYAM main road falls under the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your 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 when registering 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 appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers need to be aware that these fees are based on the higher of the guideline value or the actual sale price of the property, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of PALLAKKU MANYAM main 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 from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for PALLAKKU MANYAM main road?

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

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.

Which office handles property registrations for PALLAKKU MANYAM main road?

The Mylapore Sub Registrar Office handles property registrations for PALLAKKU MANYAM main road, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.