Guideline Value for PERIYA THOPPU SELVA VINAYAGAR KOIL STREET

Periya Thoppu Selva Vinayagar Koil Street guideline value

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

How the guideline value of Periya Thoppu Selva Vinayagar Koil Street has changed

The guideline value for Periya Thoppu Selva Vinayagar Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 93 per sq.ft, which increased to Rs 106 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 200 per sq.ft in 2007, a change of +89%. Following this, the 2012 revision set the value at Rs 1,100 per sq.ft, which represented a substantial increase of +450%. However, in 2017, the value decreased to Rs 737 per sq.ft, showing a decline of -33%. The subsequent revision in 2023 brought the value back up to Rs 1,100 per sq.ft, and in 2024, it increased again to the current value of Rs 1,200 per sq.ft, indicating a change of +9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1190%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Manali

In Manali, there are 84 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,200 per sq.ft, which is the same as the 2024 figure for Periya Thoppu Selva Vinayagar Koil Street.

• Periya Thoppu (Kaal Thottam): 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 Selva Vinayagar Koil Street

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 is charged at 7%, resulting in Rs 84,000, and the registration fee is 2%, which amounts to Rs 24,000. Together, the total fees would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Thoppu Selva Vinayagar Koil Street?

The Sub Registrar Office that covers Periya Thoppu Selva Vinayagar Koil Street 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 is a crucial metric used during the registration of property transactions in Manali. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers and sellers must refer to the guideline value to determine the applicable fees. The registration process ensures that all transactions are documented and that the government receives the necessary revenue from property sales.

Frequently asked questions

What is the current guideline value of Periya Thoppu Selva Vinayagar Koil Street?

The current guideline value of Periya Thoppu Selva Vinayagar Koil Street 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, increasing from Rs 93 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, which is an overall increase of +1190% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Periya Thoppu Selva Vinayagar Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Periya Thoppu Selva Vinayagar Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Periya Thoppu Selva Vinayagar Koil Street?

The land classification for Periya Thoppu Selva Vinayagar Koil Street is Residential Special Type - II.