Guideline Value for PICHAI MANI MOHAN NAGAR

Pichai Mani Mohan Nagar guideline value

The current guideline value of Pichai Mani Mohan Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Pichai Mani Mohan Nagar has changed

The guideline value for Pichai Mani Mohan Nagar has seen several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft. The 2024 revision maintains this value, showing no change from 2023.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of 0%.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the 2024 figure for Pichai Mani Mohan Nagar.

• Pilliyar Koil Street: Rs 626 per sq.ft (2024)
• Poonga Nagar & Extn: Rs 626 per sq.ft (2024)
• Poongavanam Lay Out: Rs 626 per sq.ft (2024)
• Poonjolai Street: Rs 626 per sq.ft (2024)
• Poonsolai Street: Rs 626 per sq.ft (2024)
• Poonthottam Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Pichai Mani Mohan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. 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 Pichai Mani Mohan Nagar?

The Pichai Mani Mohan Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are calculated based on the higher of the guideline value or the actual sale price. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Pichai Mani Mohan Nagar?

The current guideline value of Pichai Mani Mohan Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017. It then increased to Rs 626 per sq.ft in 2023 and has remained the same in 2024.

What are the other streets with the same guideline value in Kakkalur?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft in 2024 include Pilliyar Koil Street, Poonga Nagar & Extn, Poongavanam Lay Out, Poonjolai Street, Poonsolai Street, and Poonthottam Nagar.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Pichai Mani Mohan Nagar?

The Sub Registrar Office covering Pichai Mani Mohan Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information about your SRO online.