Guideline Value for WOOD ROW MANOR STREET

Wood Row Manor Street guideline value

The current guideline value of Wood Row Manor Street, located in Chitthalapakkam village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Special Type - III.

How the guideline value of Wood Row Manor Street has changed

Over the years, the guideline value of Wood Row Manor Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the property market in this locality.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. Wood Row Manor Street's 2024 figure of Rs 3,300 per sq.ft is above this median, indicating a relatively higher valuation compared to other streets in the area.

• V.O.C. Street: Rs 2,900 per sq.ft (2024)
• Vivekandar Nagar Extension: Rs 3,300 per sq.ft (2024)
• Vivekandar Nagar: Rs 3,300 per sq.ft (2024)
• V.I.P Avenue Extension: Rs 2,900 per sq.ft (2024)
• V.I.P. Avenue: Rs 2,900 per sq.ft (2024)
• Vinoba Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Wood Row Manor Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Wood Row Manor Street?

The Sub Registrar Office that covers Wood Row Manor Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chitthalapakkam. It serves as a reference for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer must pay the stamp duty based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the locality.

Frequently asked questions

What is the current guideline value for Wood Row Manor Street?

The current guideline value for Wood Row Manor Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Wood Row Manor Street?

Wood Row Manor Street is classified as Residential Special Type - III, indicating its designation for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000.