Guideline Value

Corporate

Guideline Value for C.M. Nagar

₹1650/sq.ft.

The guideline value for C.m. Nagar in Manjampakkam 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manjampakkam

Village

Redhills

SRO

Residential Special 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹147 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
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]

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C.M. Nagar guideline value

The current guideline value of C.M. Nagar, located in Manjampakkam village under the Redhills SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of C.M. Nagar has changed

The guideline value for C.M. Nagar has seen several revisions over the years. In 2003, the value was Rs 147 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +308%. The value then rose to Rs 1,500 per sq.ft in 2012, an increase of +150%. However, it dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of -33%. From 2017 to 2023, the guideline value surged to Rs 1,500 per sq.ft, showing a notable increase of +49%. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, a rise of +10% from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +1022%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Manjampakkam

In Manjampakkam, there are 11 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,650 per sq.ft, with the median being Rs 1,650 per sq.ft. C.M. Nagar's current guideline value is equal to this median.

Stamp duty and registration fee for property in C.M. Nagar

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 amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers C.M. Nagar?

The Sub Registrar Office that covers C.M. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Manjampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is crucial for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of C.M. Nagar?

The current guideline value of C.M. Nagar 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 significantly, from Rs 147 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of +1022% over the years.

What are the other streets in Manjampakkam with their guideline values?

In addition to C.M. Nagar, other streets in Manjampakkam include Ellaiyamman Koil Street and Ellatharisu Salai at Rs 1,000 per sq.ft, and Ennore Salai, Adinath Nagar, Kamarajar Salai, and Kamarajar Salai 1st Cross Street at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for properties in C.M. Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for C.M. Nagar located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.