Guideline Value

Corporate

Guideline Value for INFOTECH CITY

₹500/sq.ft.

The guideline value for Infotech City in Nayapakkam village (Manavalanagar SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nayapakkam

Village

Manavalanagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[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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Infotech City guideline value

The current guideline value of Infotech City, located in Nayapakkam village, under the Manavalanagar SRO, is Rs 500 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Infotech City has changed

The guideline value of Infotech City has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision has maintained this value, showing no percentage change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the revisions we have are from 2012, 2017, and 2023, leading up to the current value in 2024.

Guideline values in Nayapakkam

Nayapakkam village has a total of 16 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 900 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is the same as the guideline value for Infotech City.

Stamp duty and registration fee for property in Infotech City

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 Infotech City?

The Sub Registrar Office that covers Infotech City is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Nayapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value ensures transparency and consistency in the registration process. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which helps in maintaining fair practices in property transactions.

Frequently asked questions

What is the current guideline value for Infotech City?

The current guideline value for Infotech City is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and remains the same in 2024.

What are the other streets in Nayapakkam with similar guideline values?

Other streets in Nayapakkam also have a guideline value of Rs 500 per sq.ft, including Info Tech City Extension, Golden Avenue Part I, Golden Avenue Part II, and Golden Avenue.

What fees are associated with buying property in Infotech City?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Infotech City?

The Sub Registrar Office for Infotech City is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.