Guideline Value

Corporate

Guideline Value for M.S. Subbulakshmi Nagar Annex

₹1430/sq.ft.

The guideline value for M.s. Subbulakshmi Nagar Annex in Manimangalam A village (Padappai SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manimangalam A

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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.s. Subbulakshmi Nagar Annex

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.S. Subbulakshmi Nagar Annex guideline value

The current guideline value of M.S. Subbulakshmi Nagar Annex is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Manimangalam A village and falls under the Padappai SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of M.S. Subbulakshmi Nagar Annex has changed

The guideline value for M.S. Subbulakshmi Nagar Annex has undergone several revisions over the years. In the 2017 revision, the value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making M.S. Subbulakshmi Nagar Annex's 2024 figure of Rs 1,430 per sq.ft above that median.

Stamp duty and registration fee for property in M.S. Subbulakshmi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total fees to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers M.S. Subbulakshmi Nagar Annex?

The Sub Registrar Office that covers M.S. Subbulakshmi Nagar Annex is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Manimangalam A. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of M.S. Subbulakshmi Nagar Annex?

The current guideline value of M.S. Subbulakshmi Nagar Annex is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for property in M.S. Subbulakshmi Nagar Annex?

The stamp duty rate for property transactions in M.S. Subbulakshmi Nagar Annex is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for M.S. Subbulakshmi Nagar Annex?

The Padappai Sub Registrar Office covers M.S. Subbulakshmi Nagar Annex, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for M.S. Subbulakshmi Nagar Annex?

The land classification for M.S. Subbulakshmi Nagar Annex is Residential Special Type - I, indicating its suitability for residential development.