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Guideline Value

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Guideline Value for M.G.R. NAGAR CHEMBAR ROAD TO M.G.R. NAGAR LINK ROAD

₹1980/sq.ft.

The guideline value for M.g.r. Nagar Chembar Road To M.g.r. Nagar Link Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 M.g.r. Nagar Chembar Road To M.g.r. Nagar Link Road

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M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road guideline value

The current guideline value for M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village and falls under the Chennai South Joint I SRO, with a land classification of Residential Class IV Type - II.

How the guideline value of M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road has changed

Over the years, the guideline value for M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the 2023 revision brought the value back up to Rs 1,800 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,980 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 is a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this village is Rs 2,530 per sq.ft, placing the M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road's value below the median.

Stamp duty and registration fee for property in M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. 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 calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road?

The M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road is covered by 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This helps in maintaining a standard procedure for all real estate transactions in the area.

Frequently asked questions

What is the current guideline value of M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road?

The current guideline value for M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for this area?

The land classification for M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road is Residential Class IV Type - II.

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

For a 1,000 sq.ft plot, the guideline value is Rs 19,80,000. The stamp duty at 7% is Rs 1,38,600, and the registration fee at 2% is Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.