Guideline Value

Corporate

Guideline Value for C.K. Manikkam Street

₹1650/sq.ft.

The guideline value for C.k. Manikkam Street in Naravarikuppam village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naravarikuppam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹353 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹3471 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 C.k. Manikkam Street

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C.K. Manikkam Street guideline value

The current guideline value of C.K. Manikkam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of C.K. Manikkam Street has changed

The guideline value for C.K. Manikkam Street has undergone several revisions over the years. In 2002, the guideline value was Rs 3,471 per sq.ft, which decreased to Rs 353 per sq.ft in 2003, marking a significant drop. The value then rose to Rs 400 per sq.ft in 2007, followed by a substantial increase to Rs 1,500 per sq.ft in 2012. However, it decreased again to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, the guideline value has decreased by 52% from the 2002 figure to the current 2024 figure. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 275% increase from 2007 to 2012, a 13% increase from 2003 to 2007, and a 90% decrease from 2002 to 2003.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which matches the current guideline value for C.K. Manikkam Street.

Stamp duty and registration fee for property in C.K. Manikkam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. 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 C.K. Manikkam Street?

The Sub Registrar Office that covers C.K. Manikkam Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Naravarikuppam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are paying the correct fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of C.K. Manikkam Street?

The current guideline value of C.K. Manikkam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,471 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, showing a decrease of 52% overall. The most recent revision was a 10% increase from Rs 1,500 per sq.ft in 2023.

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

Other streets in Naravarikuppam include C.K. Manikkanar Street Extn. at Rs 1,320 per sq.ft, Church Street at Rs 1,870 per sq.ft, Chozhan Street at Rs 1,320 per sq.ft, Chothupakkam Salai at Rs 2,200 per sq.ft, Chothupakkam Road at Rs 3,300 per sq.ft, and Cheran Street at Rs 1,320 per sq.ft.

What is the stamp duty rate for properties in C.K. Manikkam Street?

The stamp duty rate for properties in C.K. Manikkam Street is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of the property.

Where is the Sub Registrar Office for C.K. Manikkam Street located?

The Sub Registrar Office for C.K. Manikkam Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.