Guideline Value

Corporate

Guideline Value for I.P.S. COLONY 5TH MAIN ROAD

₹3300/sq.ft.

The guideline value for I.p.s. Colony 5th 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 5th Main Road

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I.P.S. Colony 5th Main Road guideline value

The current guideline value of I.P.S. Colony 5th 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 5th Main Road has changed

The guideline value for I.P.S. Colony 5th Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the 2023 revision saw a significant increase to Rs 3,000 per sq.ft, and the current 2024 revision has further raised it to Rs 3,300 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, there was a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the drop from 2012 to 2017.

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 guideline value for these streets is Rs 2,530 per sq.ft, placing I.P.S. Colony 5th Main Road above this median.

Stamp duty and registration fee for property in I.P.S. Colony 5th 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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers I.P.S. Colony 5th Main Road?

The I.P.S. Colony 5th 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 details.

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

The guideline value is a crucial factor in property transactions in Manapakkam. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the established rates.

Frequently asked questions

What is the current guideline value of I.P.S. Colony 5th Main Road?

The current guideline value of I.P.S. Colony 5th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much 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, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for I.P.S. Colony 5th Main Road?

The land classification for I.P.S. Colony 5th Main Road is Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for I.P.S. Colony 5th Main Road?

The registration office for I.P.S. Colony 5th Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in I.P.S. Colony 5th Main Road?

Stamp duty for properties in I.P.S. Colony 5th Main Road is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.