Guideline Value for T.R.Mani Street, V.O.C Nagar

T.R.Mani Street, V.O.C Nagar guideline value

The current guideline value of T.R.Mani Street, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of T.R.Mani Street, V.O.C Nagar has changed

The guideline value register has no figures for T.R.Mani Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

Since there are no figures available for the previous revisions, there have been no changes recorded between the revisions above. The 2024 revision stands as the only guideline value for T.R.Mani Street, V.O.C Nagar.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing T.R.Mani Street's 2024 figure above that median.

• T.L. Raghupathy Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Thulasingam Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Thomas Raj Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Tholkappier Street, Pammal: Rs 1,980 per sq.ft (2024)
• Tholkapiyar Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Thiru.Ve.Ka. Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in T.R.Mani Street, V.O.C Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that 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 details.

Which Sub Registrar Office covers T.R.Mani Street, V.O.C Nagar?

The Sub Registrar Office covering T.R.Mani Street, V.O.C Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Pammal. It serves as the baseline value for calculating these fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of T.R.Mani Street, V.O.C Nagar?

The current guideline value of T.R.Mani Street, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

What land classification does T.R.Mani Street, V.O.C Nagar fall under?

T.R.Mani Street, V.O.C Nagar is classified as Commercial Class I Type - II.

What are the guideline values of other streets in Pammal?

Other streets in Pammal have varying guideline values, with rates ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft.

How is stamp duty calculated for properties in T.R.Mani Street, V.O.C Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.

Where can I find the Sub Registrar Office for T.R.Mani Street, V.O.C Nagar?

The Sub Registrar Office for T.R.Mani Street, V.O.C Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.