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Guideline Value

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Guideline Value for MANIKODI SRINIVASAN NAGAR 6TH STREET

₹2800/sq.ft.

The guideline value for Manikodi Srinivasan Nagar 6th Street in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹300 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹217 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Manikodi Srinivasan Nagar 6th Street

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Manikodi Srinivasan Nagar 6th Street guideline value

The current guideline value of Manikodi Srinivasan Nagar 6th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Manikodi Srinivasan Nagar 6th Street has changed

The guideline value for Manikodi Srinivasan Nagar 6th Street has seen several revisions over the years. In 2002, the guideline value was Rs 217 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 38% rise. The value then rose significantly to Rs 750 per sq.ft in 2007, reflecting a 150% increase. In 2012, the guideline value was Rs 2,500 per sq.ft, showing a 233% increase from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, indicating a decline of 33%.

Following this, the guideline value increased to Rs 2,500 per sq.ft in 2023, which was a 49% rise from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 2,800 per sq.ft, representing a 12% increase from the previous year. There are no figures available for any other revisions for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is equal to the current value of Manikodi Srinivasan Nagar 6th Street.

Stamp duty and registration fee for property in Manikodi Srinivasan Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. 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 precise calculations.

Which Sub Registrar Office covers Manikodi Srinivasan Nagar 6th Street?

The Sub Registrar Office that covers Manikodi Srinivasan Nagar 6th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Seevaram. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate applicable taxes, such as stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Manikodi Srinivasan Nagar 6th Street?

The current guideline value of Manikodi Srinivasan Nagar 6th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 217 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1190%.

What is the land classification for this street?

The land classification for Manikodi Srinivasan Nagar 6th Street is Residential Class II Type - I.

Which Sub Registrar Office is responsible for this area?

The Neelankarai Sub Registrar Office is responsible for Manikodi Srinivasan Nagar 6th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.