Guideline Value for PERIYA THOPPU (KAAL THOTTAM)

Periya Thoppu (Kaal Thottam) guideline value

The current guideline value of Periya Thoppu (Kaal Thottam) is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Periya Thoppu (Kaal Thottam) has changed

The guideline value for Periya Thoppu (Kaal Thottam) has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 127 per sq.ft. This increased to Rs 145 per sq.ft in 2003, then saw a significant rise to Rs 300 per sq.ft in 2007. The value remained at Rs 1,100 per sq.ft in 2012, but dropped to Rs 737 per sq.ft in 2017. The most recent revisions show a rise to Rs 1,100 per sq.ft in 2023, and finally, the current rate of Rs 1,200 per sq.ft from the 2024 revision.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is 845%. The value increased by 14% from 2002 to 2003, followed by a 107% rise from 2003 to 2007. The value then surged by 267% from 2007 to 2012, but dropped by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally rose by 9% from 2023 to 2024.

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. The median guideline value is Rs 1,200 per sq.ft, placing Periya Thoppu (Kaal Thottam) at this median rate.

• Periya Thoppu Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Perumal Koil Street: Rs 1,500 per sq.ft (2024)
• Pattu Street: Rs 1,200 per sq.ft (2024)
• Ponneri High Road: Rs 1,005 per sq.ft (2024)
• Poombukar Nagar: Rs 1,200 per sq.ft (2024)
• Poongavanam Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Thoppu (Kaal Thottam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periya Thoppu (Kaal Thottam)?

The Sub Registrar Office that covers Periya Thoppu (Kaal Thottam) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Manali. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a recognized value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The higher of the guideline value or the sale price is considered for the calculation of these fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periya Thoppu (Kaal Thottam)?

The current guideline value of Periya Thoppu (Kaal Thottam) is Rs 1,200 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 127 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 845% over this period.

What is the median guideline value in Manali?

The median guideline value in Manali is Rs 1,200 per sq.ft, which is the same as the current value for Periya Thoppu (Kaal Thottam).

What are the stamp duty and registration fees for a property in Periya Thoppu?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for Periya Thoppu (Kaal Thottam)?

The Sub Registrar Office for Periya Thoppu (Kaal Thottam) is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.