Guideline Value for PALLIKOODA STREET

Pallikooda Street guideline value

The current guideline value of Pallikooda Street, located in Manali village under the Thiruvottiyur SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and is classified as Mixed Special Type - III.

How the guideline value of Pallikooda Street has changed

The guideline value for Pallikooda Street has seen several revisions over the years. Starting from Rs 90 per sq.ft in 2002, it increased to Rs 103 per sq.ft in 2003, marking a rise of 14%. The value further rose significantly to Rs 200 per sq.ft in 2007, a change of 94%. In 2012, the guideline value was recorded at Rs 1,400 per sq.ft, which was a substantial increase of 600% from the previous revision. However, this value dropped to Rs 938 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the guideline value at Rs 1,400 per sq.ft, which then increased to Rs 1,500 per sq.ft in 2024, a change of 7%.

Overall, from 2002 to 2024, the guideline value has increased by 1,567%. There are no figures available for revisions in years other than those listed.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with a median value of Rs 1,200 per sq.ft. Pallikooda Street's 2024 guideline value of Rs 1,500 per sq.ft is above this median.

• Paadasalai Street: Rs 1,500 per sq.ft (2024)
• Pattu Street: Rs 1,200 per sq.ft (2024)
• N.S.K. Street: Rs 1,500 per sq.ft (2024)
• Periya Thoppu (Kaal Thottam): Rs 1,200 per sq.ft (2024)
• Periya Thoppu Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Perumal Koil Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikooda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. 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 information.

Which Sub Registrar Office covers Pallikooda Street?

The Sub Registrar Office covering Pallikooda Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Manali. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that all property transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Pallikooda Street?

The current guideline value of Pallikooda Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, showing an overall increase of 1,567% across the revisions.

What is the land classification for Pallikooda Street?

Pallikooda Street is classified as Mixed Special Type - III.

Where can I find the Sub Registrar Office for Pallikooda Street?

The Sub Registrar Office for Pallikooda Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft, the total fees would be Rs 1,35,000.