Guideline Value for THILLAPURAM IST STREET TO 3RD STREET

Thillapuram Ist Street To 3rd Street guideline value

The current guideline value for Thillapuram Ist Street To 3rd Street in Manali village, under the Thiruvottiyur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Thillapuram Ist Street To 3rd Street has changed

The guideline value for Thillapuram Ist Street To 3rd Street has seen several revisions over the years. In 2002, the guideline value was Rs 84 per sq.ft, which increased to Rs 96 per sq.ft in 2003, marking a 14% rise. The value then saw a significant jump to Rs 200 per sq.ft in 2007, reflecting an increase of 108%. From 2007 to 2012, the value rose to Rs 1,100 per sq.ft, a remarkable increase of 450%. However, it then dropped to Rs 737 per sq.ft in 2017, showing a decline of 33%.

In the subsequent revision in 2023, the guideline value rose to Rs 1,100 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 set the value at Rs 1,200 per sq.ft, representing a 9% increase from 2023. There are no figures available for any other revisions for this street in the register.

Guideline values in Manali

In Manali, there are 84 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,200 per sq.ft, which is equal to the current value for Thillapuram Ist Street To 3rd Street.

• Thillaipuram: Rs 1,200 per sq.ft (2024)
• Thamaraikulam Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,500 per sq.ft (2024)
• Thiruvenkadam Street: Rs 1,200 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,200 per sq.ft (2024)
• Sundaram Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thillapuram Ist Street To 3rd 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, making the total cost Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillapuram Ist Street To 3rd Street?

The Thillapuram Ist Street To 3rd Street falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Manali. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty and registration fees. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Thillapuram Ist Street To 3rd Street?

The current guideline value for Thillapuram Ist Street To 3rd 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 84 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, with several revisions in between, including increases and a decrease in 2017.

What is the land classification for Thillapuram Ist Street To 3rd Street?

The land classification for Thillapuram Ist Street To 3rd Street is Residential Special Type - II.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Thillapuram Ist Street To 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.