Guideline Value

Corporate

Guideline Value for JAINS AKSHARDHAM

₹12800/sq.ft.

The guideline value for Jains Akshardham in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 12800 per sq.ft, effective 1 July 2024. It was Rs 11635 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

Manapakkam

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12800 /sq.ft.
From 1-4-2023 ₹11635 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7795 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Jains Akshardham

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Jains Akshardham guideline value

The current guideline value of Jains Akshardham is Rs 12,800 per sq.ft, effective from 1 July 2024. It is located in Manapakkam village, under the Chennai South Joint I SRO, with a land classification of Residential Special Type - I.

How the guideline value of Jains Akshardham has changed

The guideline value for Jains Akshardham has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 7,795 per sq.ft. This increased to Rs 11,635 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the guideline value at Rs 12,800 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manapakkam

In Manapakkam village, 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 Jains Akshardham's 2024 figure significantly above the median.

Stamp duty and registration fee for property in Jains Akshardham

For a 1,000 sq.ft plot at the current guideline value of Rs 12,800 per sq.ft, the total guideline value amounts to Rs 1,28,00,000. The stamp duty at 7% would be Rs 8,96,000, and the registration fee at 2% would be Rs 2,56,000, resulting in a total of Rs 11,52,000. Please note that 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 Jains Akshardham?

The Sub Registrar Office covering Jains Akshardham is 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

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. The registration office uses this value to assess the transaction, charging fees based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Jains Akshardham?

The current guideline value of Jains Akshardham is Rs 12,800 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 7,795 per sq.ft in 2017 to Rs 11,635 per sq.ft in 2023, and then to Rs 12,800 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

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

Other streets in Manapakkam include I.P.S. Colony 5th Main Road, 4th Main Road, 3rd Main Road, 2nd Main Road, 1st Main Road, and I.P.S Colony, all with a guideline value of Rs 3,300 per sq.ft for 2024.

What fees are applicable when registering property in Jains Akshardham?

When registering property in Jains Akshardham, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jains Akshardham?

The Sub Registrar Office for Jains Akshardham is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more details through the provided link.