Guideline Value

Corporate

Guideline Value for MANIKAVASAGAR 1ST CROSS STREET

₹1650/sq.ft.

The guideline value for Manikavasagar 1st Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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 Manikavasagar 1st Cross Street

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Manikavasagar 1st Cross Street guideline value

The current guideline value of Manikavasagar 1st Cross Street is Rs 1,650 per sq.ft. This street is located in Pallikaranai village under the Chennai South Joint I SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Manikavasagar 1st Cross Street has changed

The guideline value for Manikavasagar 1st Cross Street has seen changes over the years. The register shows that in 2012, the guideline value was Rs 1,500 per sq.ft. With the 2024 revision, the value increased to Rs 1,650 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The current 2024 value aligns with the median guideline value of Rs 1,650 per sq.ft for the 749 streets in Pallikaranai under the Chennai South Joint I SRO.

Guideline values in Pallikaranai

Pallikaranai has a range of guideline values, with figures for 2024 varying from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the guideline value for Manikavasagar 1st Cross Street. Below are other streets in Pallikaranai:

Stamp duty and registration fee for property in Manikavasagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manikavasagar 1st Cross Street?

The Sub Registrar Office that covers Manikavasagar 1st Cross Street is 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the local market conditions. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Manikavasagar 1st Cross Street?

The current guideline value of Manikavasagar 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, representing a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft. This median is based on the 2024 figures for 749 streets in the area.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Manikavasagar 1st Cross Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Manikavasagar 1st Cross Street is 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.