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Guideline Value

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Guideline Value for Jothi Nagar-Manickam Nagar Link Road

₹2200/sq.ft.

The guideline value for Jothi Nagar-manickam Nagar Link Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jothi Nagar-manickam Nagar Link Road

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Jothi Nagar-Manickam Nagar Link Road guideline value

The current guideline value of Jothi Nagar-Manickam Nagar Link Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Jothi Nagar-Manickam Nagar Link Road has changed

The guideline value for Jothi Nagar-Manickam Nagar Link Road has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. In 2017, this figure decreased to Rs 1,340 per sq.ft, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 2,200 per sq.ft, which represents a 64% rise from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is noteworthy that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street in the register.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Jothi Nagar-Manickam Nagar Link Road's 2024 figure below that median.

Stamp duty and registration fee for property in Jothi Nagar-Manickam Nagar Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar-Manickam Nagar Link Road?

The Jothi Nagar-Manickam Nagar Link Road falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Madambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. Understanding this value can help in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar-Manickam Nagar Link Road?

The current guideline value of Jothi Nagar-Manickam Nagar Link Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023.

What is the land classification for Jothi Nagar-Manickam Nagar Link Road?

The land classification for Jothi Nagar-Manickam Nagar Link Road is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. The duty is charged on the higher of the guideline value and the sale price.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.