Guideline Value

Corporate

Guideline Value for I.P.S. COLONY 4TH MAIN ROAD

₹3300/sq.ft.

The guideline value for I.p.s. Colony 4th Main Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 I.p.s. Colony 4th Main Road

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I.P.S. Colony 4th Main Road guideline value

The current guideline value of I.P.S. Colony 4th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of I.P.S. Colony 4th Main Road has changed

The guideline value for I.P.S. Colony 4th Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 2,010 per sq.ft. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 3,300 per sq.ft, marking a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 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. The median value for these streets is Rs 2,530 per sq.ft, making the guideline value of I.P.S. Colony 4th Main Road above the median.

Stamp duty and registration fee for property in I.P.S. Colony 4th Main Road

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, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers I.P.S. Colony 4th Main Road?

The I.P.S. Colony 4th Main Road is covered by 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

When buying or selling property in Manapakkam, the guideline value serves as a benchmark for determining the stamp duty and registration fees payable. It is essential to note that these fees are calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value is crucial for both buyers and sellers, as it influences the overall cost of transactions. It is advisable to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of I.P.S. Colony 4th Main Road?

The current guideline value of I.P.S. Colony 4th Main Road 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 2023 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam, such as I.P.S. Colony 1st, 2nd, 3rd, and 5th Main Roads, all share the same guideline value of Rs 3,300 per sq.ft for 2024.

What is the registration fee for property in I.P.S. Colony 4th Main Road?

The registration fee for property in I.P.S. Colony 4th Main Road is calculated at 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Where can I find the Sub Registrar Office for I.P.S. Colony 4th Main Road?

The Sub Registrar Office for I.P.S. Colony 4th Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information by visiting the relevant link.