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Guideline Value

Corporate

Guideline Value for L & T COLONY 2ND MAIN ROAD

₹2530/sq.ft.

The guideline value for L & T Colony 2nd 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 2nd Main Road

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L & T Colony 2nd Main Road guideline value

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

How the guideline value of L & T Colony 2nd Main Road has changed

The guideline value for L & T Colony 2nd Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,300 per sq.ft. This value decreased to Rs 1,541 per sq.ft in 2017, marking a decline of 33%. However, the value rose significantly to Rs 2,300 per sq.ft in 2023, and then further increased by 10% to reach the current value of Rs 2,530 per sq.ft in 2024.

Between the 2017 revision and the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 value is Rs 2,530 per sq.ft, which is equal to the current guideline value of L & T Colony 2nd Main Road.

Stamp duty and registration fee for property in L & T Colony 2nd 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 amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 2nd Main Road?

The L & T Colony 2nd Main Road falls under 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 an important factor when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. Therefore, understanding the guideline value is crucial for both buyers and sellers to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of L & T Colony 2nd Main Road?

The current guideline value of L & T Colony 2nd 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 2012 to Rs 1,541 per sq.ft in 2017, then to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for L & T Colony 2nd Main Road?

L & T Colony 2nd Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for L & T Colony 2nd Main Road?

The Sub Registrar Office for L & T Colony 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in L & T Colony 2nd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 25,30,000, with stamp duty calculated accordingly.