Guideline Value

Corporate

Guideline Value for MANICKAM NAGAR

₹200/sq.ft.

The guideline value for Manickam Nagar in Venmanamputhur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venmanamputhur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /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)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[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]

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Manickam Nagar guideline value

The current guideline value of Manickam Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Manickam Nagar has changed

The guideline value for Manickam Nagar has seen various revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a decrease from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2012, reflecting a -33% change. The value remained at Rs 200 per sq.ft through the 2023 revision as well.

In the latest 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year. Overall, from 2012 to 2024, there has been a +0% change in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Manickam Nagar's guideline value aligns with this median.

Stamp duty and registration fee for property in Manickam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manickam Nagar?

The Sub Registrar Office that covers Manickam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Venmanamputhur, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Buyers should be aware that the guideline value may differ from the actual sale price. It is essential to consider the guideline value when budgeting for the total costs associated with property transactions, as it directly influences the fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Manickam Nagar?

The current guideline value of Manickam Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. The value did not change from 2023 to 2024.

What is the land classification for Manickam Nagar?

The land classification for Manickam Nagar is Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees in Manickam Nagar?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Which office handles registrations for Manickam Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Manickam Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.