Guideline Value for SHAKE ANSAR STREET

Shake Ansar Street guideline value

The current guideline value of Shake Ansar 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 Shake Ansar Street has changed

The guideline value for Shake Ansar Street has undergone several revisions over the years. Starting from Rs 126 per sq.ft in 2002, it increased to Rs 144 per sq.ft in 2003, marking a 14% rise. The value then saw a significant jump to Rs 300 per sq.ft in 2007, a 108% increase. By 2012, it was Rs 1,100 per sq.ft, reflecting a 267% increase from the previous revision. However, it decreased to Rs 737 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,100 per sq.ft in 2023, and finally reached Rs 1,200 per sq.ft in 2024, a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 852%. There are no figures available for revisions in years not mentioned in the register.

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 2024 figure for Shake Ansar Street.

• Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Sokkammal Kulam Street: Rs 1,500 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)
• Salma Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Shake Ansar 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 be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shake Ansar Street?

The Sub Registrar Office that covers Shake Ansar 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 factor in the registration process when buying or selling property in Manali. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value serves as a benchmark for calculating the fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shake Ansar Street?

The current guideline value of Shake Ansar 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 126 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 852% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Shake Ansar Street located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the appropriate fees are paid based on the higher of the guideline value or the sale price.