Guideline Value

Corporate

Guideline Value for ARCOT MAIN ROAD / 1ST LANE

₹6600/sq.ft.

The guideline value for Arcot Main Road / 1st Lane in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arcot Main Road / 1st Lane

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Arcot Main Road / 1st Lane guideline value

The current guideline value of Arcot Main Road / 1st Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Arcot Main Road / 1st Lane has changed

The guideline value for Arcot Main Road / 1st Lane has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 6,000 per sq.ft. This was followed by a decrease to Rs 4,020 per sq.ft in 2017. The 2023 revision saw an increase to Rs 6,000 per sq.ft, and the most recent 2024 revision raised it to Rs 6,600 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 is an increase of 10%, with the most recent change from 2023 to 2024 being a rise of 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Arcot Main Road / 1st Lane is notably above this median.

Stamp duty and registration fee for property in Arcot Main Road / 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arcot Main Road / 1st Lane?

The Sub Registrar Office that covers Arcot Main Road / 1st Lane is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

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

Frequently asked questions

What is the current guideline value for Arcot Main Road / 1st Lane?

The current guideline value for Arcot Main Road / 1st Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 in 2012 to Rs 4,020 in 2017, then back to Rs 6,000 in 2023, and finally to Rs 6,600 in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

What are the other streets in Manapakkam and their guideline values?

Other streets in Manapakkam have varying guideline values. For example, Arcot Road 2nd Lane is also at Rs 6,600 per sq.ft, while Arijana Mayana Salai is at Rs 1,100 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant website and entering your details. The office for Arcot Main Road / 1st Lane is the Chennai South Joint I Sub Registrar Office.