Guideline Value for Kanimozhi Aravindan Nagar

Kanimozhi Aravindan Nagar guideline value

The current guideline value of Kanimozhi Aravindan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Kanimozhi Aravindan Nagar has changed

The guideline value for Kanimozhi Aravindan Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 253 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a 374% increase. However, it then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft following a 10% increase in 2024.

Between the revisions, the guideline value has changed as follows: from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 422%. It is important to note that the register has no figures for this street in 2002 and 2003.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value in this area is Rs 1,215 per sq.ft, placing Kanimozhi Aravindan Nagar's 2024 figure above this median.

• Kannagi Street: Rs 990 per sq.ft (2024)
• Kannan Nagar: Rs 990 per sq.ft (2024)
• Karapudi Amman Koil Street: Rs 2,640 per sq.ft (2024)
• Kalyani garden: Rs 990 per sq.ft (2024)
• Karumari Amman Kovil Theru: Rs 1,320 per sq.ft (2024)
• Karumariamman Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kanimozhi Aravindan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kanimozhi Aravindan Nagar?

The Sub Registrar Office that covers Kanimozhi Aravindan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Mannivakkam. It is the base value set by the government for properties in a specific area, which helps determine the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Kanimozhi Aravindan Nagar?

The current guideline value of Kanimozhi Aravindan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 253 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 422% over this period.

What is the land classification for Kanimozhi Aravindan Nagar?

The land classification for Kanimozhi Aravindan Nagar is Residential Special Type - III, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,18,800.