Guideline Value for SELVA VINAYAGAR KOIL STREET

Selva Vinayagar Koil Street guideline value

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

How the guideline value of Selva Vinayagar Koil Street has changed

The guideline value for Selva Vinayagar Koil Street has undergone several revisions over the years. In 2002, the value was Rs 92 per sq.ft, which increased to Rs 105 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase to Rs 200 per sq.ft in 2007, representing a 90% change. By 2012, the value was Rs 1,100 per sq.ft, showing a 450% increase from the previous revision.

In 2017, the guideline value was revised to Rs 737 per sq.ft, reflecting a decrease of 33%. The value increased to Rs 1,100 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 1,200 per sq.ft, which is a 9% increase from the previous year. The overall change from 2002 to 2024 is an increase of 1,204%.

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 value is Rs 1,200 per sq.ft, which is equal to the current value of Selva Vinayagar Koil Street.

• Shake Ansar Street: Rs 1,200 per sq.ft (2024)
• Sar.C.V. Raman Street: Rs 1,200 per sq.ft (2024)
• Santhanakrishnan Street: Rs 1,200 per sq.ft (2024)
• Sannathi Street: Rs 1,500 per sq.ft (2024)
• Sokkammal Kulam Street: Rs 1,500 per sq.ft (2024)
• Salma Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in 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 would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, resulting in a total of 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Vinayagar Koil Street?

The Sub Registrar Office that covers 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 critical factor in the registration process of property transactions in Manali. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the established values in the area. This helps maintain transparency and compliance with local regulations during property transactions.

Frequently asked questions

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

The current guideline value of 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 from Rs 92 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, an overall increase of 1,204%.

What are the other streets in Manali with similar guideline values?

Other streets in Manali with a guideline value of Rs 1,200 per sq.ft include Shake Ansar Street, Sar.C.V. Raman Street, Santhanakrishnan Street, and Salma Nagar.

What is the stamp duty for property in Selva Vinayagar Koil Street?

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

Where is the Sub Registrar Office for Selva Vinayagar Koil Street located?

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