Guideline Value

Corporate

Guideline Value for MAANSAROVAR NAGAR PHASE II

₹1100/sq.ft.

The guideline value for Maansarovar Nagar Phase Ii in Nemam_b village (Avadi SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nemam_b

Village

Avadi

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Maansarovar Nagar Phase Ii

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Maansarovar Nagar Phase II guideline value

The current guideline value of Maansarovar Nagar Phase II is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Nemam_B village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Maansarovar Nagar Phase II has changed

The guideline value for Maansarovar Nagar Phase II has seen revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,000 per sq.ft, which increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

This increase reflects a change from the previous year's value, marking a significant adjustment in the guideline value for this street. The 2024 figure is now established and will be applicable for transactions from July 2024 onwards.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 3,500 per sq.ft. The median value for these streets is Rs 935 per sq.ft, and Maansarovar Nagar Phase II's 2024 figure is above this median.

Stamp duty and registration fee for property in Maansarovar Nagar Phase II

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maansarovar Nagar Phase II?

The Sub Registrar Office that covers Maansarovar Nagar Phase II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemam_B. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Maansarovar Nagar Phase II?

The current guideline value of Maansarovar Nagar Phase II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Maansarovar Nagar Phase II was Rs 1,000 per sq.ft in 2023 and increased by 10% to Rs 1,100 per sq.ft in 2024. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Maansarovar Nagar Phase II?

The Avadi Sub Registrar Office handles registrations for Maansarovar Nagar Phase II, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Maansarovar Nagar Phase II?

The land classification for Maansarovar Nagar Phase II is Residential Special Type - II. This classification is important for understanding the permissible uses of the land.