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Guideline Value

Corporate

Guideline Value for L & T COLONY 1ST MAIN ROAD

₹2530/sq.ft.

The guideline value for L & T Colony 1st Main Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /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 L & T Colony 1st Main Road

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L & T Colony 1st Main Road guideline value

The current guideline value for L & T Colony 1st Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village and falls under the Chennai South Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of L & T Colony 1st Main Road has changed

The guideline value for L & T Colony 1st Main Road has undergone several revisions over the years. The 2024 revision sets the value at Rs 2,530 per sq.ft, which is an increase from Rs 2,300 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,541 per sq.ft, reflecting a significant increase of 49% from the previous 2023 figure. The 2012 revision had the guideline value at Rs 2,300 per sq.ft, which was a decrease of 33% from the 2017 figure.

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

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, which matches the current value for L & T Colony 1st Main Road.

Stamp duty and registration fee for property in L & T Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total costs together to Rs 2,27,700. 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 L & T Colony 1st Main Road?

The L & T Colony 1st Main Road falls under the jurisdiction of 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 during property transactions in Manapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements and to calculate the applicable stamp duty and registration fees accurately.

When registering a property, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty will be charged based on the sale price, ensuring that the registration reflects the true market value of the property.

Frequently asked questions

What is the current guideline value of L & T Colony 1st Main Road?

The current guideline value of L & T Colony 1st Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, a 10% increase. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for L & T Colony 1st Main Road?

L & T Colony 1st Main Road is classified as Residential Class II Type - I according to the Chennai South Joint I SRO.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering L & T Colony 1st 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 L & T Colony 1st Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 at 7%.