Guideline Value for Police Manickam Pillai Street

Police Manickam Pillai Street guideline value

The current guideline value of Police Manickam Pillai Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Police Manickam Pillai Street has changed

The guideline value for Police Manickam Pillai Street has seen several revisions over the years. In 2002, the guideline value was Rs 710 per sq.ft, which increased to Rs 797 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, followed by a decrease to Rs 5,000 per sq.ft in 2012. The 2017 revision marked an increase to Rs 3,350 per sq.ft, and this was further raised to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 5,500 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 675%. The changes between revisions include a 12% increase from 2002 to 2003, a 51% increase from 2003 to 2007, a 317% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023, culminating in a 10% increase from 2023 to 2024.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Police Manickam Pillai Street above this median.

• Poachers Road (Porteous Road): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ponnupillai Street: Rs 4,900 per sq.ft (2024)
• Pilkington Road: Rs 4,900 per sq.ft (2024)
• Poosanam Street: Rs 4,900 per sq.ft (2024)
• Periyar Salai/Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Police Manickam Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty, charged at 7%, would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, these fees would total Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Police Manickam Pillai Street?

The Sub Registrar Office that covers Police Manickam Pillai Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayanavaram. When buying or selling property, the guideline value determines the minimum value on which stamp duty and registration fees are calculated. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Police Manickam Pillai Street?

The current guideline value of Police Manickam Pillai Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 710 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024. This reflects an overall increase of 675% over the years.

What is the land classification for Police Manickam Pillai Street?

The land classification for Police Manickam Pillai Street is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 55,00,000, the total fees would amount to Rs 4,95,000.

Where is the Sub Registrar Office for Police Manickam Pillai Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.