Guideline Value for Shri Pedarimalayathamman Koil Street

Shri Pedarimalayathamman Koil Street guideline value

The current guideline value of Shri Pedarimalayathamman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village and falls under the Konnur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Shri Pedarimalayathamman Koil Street has changed

The guideline value for Shri Pedarimalayathamman Koil Street has seen several revisions over the years. Starting from Rs 247 per sq.ft in 2002, it increased to Rs 272 per sq.ft in 2003, marking a 10% rise. The value then continued to rise significantly to Rs 500 per sq.ft in 2007, which was an 84% increase. In 2012, the value was Rs 1,200 per sq.ft, reflecting a substantial 140% increase from the previous revision. However, it dropped to Rs 804 per sq.ft in 2017, showing a decrease of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, and finally, it reached Rs 1,300 per sq.ft in 2024, which is an 8% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 426%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Mannurpet

Mannurpet village has 38 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the current value of Shri Pedarimalayathamman Koil Street.

• Telephone Colony: Rs 1,300 per sq.ft (2024)
• Pudu Pillaiyar Koil Street: Rs 1,700 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Thiruveediamman Koil Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,700 per sq.ft (2024)
• Perumal Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Pedarimalayathamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Shri Pedarimalayathamman Koil Street?

The Sub Registrar Office that covers Shri Pedarimalayathamman Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Mannurpet. It serves as a benchmark for calculating the stamp duty and registration fees that are payable at the time of property registration.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Shri Pedarimalayathamman Koil Street?

The current guideline value of Shri Pedarimalayathamman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 247 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 426% over the years.

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

The stamp duty rate for property in Shri Pedarimalayathamman 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 Shri Pedarimalayathamman Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Shri Pedarimalayathamman Koil Street?

The land classification for Shri Pedarimalayathamman Koil Street is Residential Class II Type - I, indicating its suitability for residential purposes.