Guideline Value for VIMALAPURAM ALL STREETS

Vimalapuram All Streets guideline value

The current guideline value for Vimalapuram All Streets is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Manali village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Vimalapuram All Streets has changed

The guideline value for Vimalapuram All Streets has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a rise of 175%. However, it then decreased to Rs 737 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,100 per sq.ft in 2023, before reaching the current figure of Rs 1,200 per sq.ft in 2024, reflecting a 9% increase.

There are no recorded figures for Vimalapuram All Streets in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 200%, showcasing significant changes in the valuation over the years.

Guideline values in Manali

In Manali, 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 guideline value for Vimalapuram All Streets.

• 200 Feet Inner Ring Road: Rs 1,001 per sq.ft (2024)
• 200 Ft Inner Ring Road: Rs 1,002 per sq.ft (2024)
• Velmuthu Mariamman Nagar: Rs 1,200 per sq.ft (2024)
• Varadharajan Street: Rs 1,500 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,200 per sq.ft (2024)
• Thiruvenkadam Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vimalapuram All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to 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, bringing the total fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vimalapuram All Streets?

The Sub Registrar Office that covers Vimalapuram All Streets 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 plays a crucial role in property transactions in Manali. It is the benchmark value set by the government for property registration and is used to calculate stamp duty and registration fees. When buying or selling a property, the transaction must be registered at the Sub Registrar Office, where the guideline value is referenced.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. However, the stamp duty is applied to the higher of the two values, ensuring that the government receives the appropriate dues during the registration process.

Frequently asked questions

What is the current guideline value for Vimalapuram All Streets?

The current guideline value for Vimalapuram All Streets 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 400 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 200% across the years.

What is the land classification for Vimalapuram All Streets?

The land classification for Vimalapuram All Streets 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 stamp duty calculated for properties in Vimalapuram All Streets?

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