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Guideline Value

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Guideline Value for MANIKODI SRINIVASAN NAGAR MAIN ROAD

₹2800/sq.ft.

The guideline value for Manikodi Srinivasan Nagar Main Road 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 ₹240 /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 Main Road

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Manikodi Srinivasan Nagar Main Road guideline value

The current guideline value of Manikodi Srinivasan Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village, which 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 Main Road has changed

The guideline value for Manikodi Srinivasan Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 217 per sq.ft. This increased to Rs 240 per sq.ft in 2003, followed by a significant rise to Rs 750 per sq.ft in 2007. In 2012, the value was Rs 2,500 per sq.ft, but it decreased to Rs 1,675 per sq.ft in 2017. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,800 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. The largest increase occurred between 2007 and 2012, with a 233% rise. Overall, from 2002 to 2024, the guideline value has increased by 1190%. There are no figures for the revisions in years other than those listed.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value. The values range from Rs 1,100 to Rs 8,300 per sq.ft, with the median being Rs 2,800 per sq.ft. The guideline value for Manikodi Srinivasan Nagar Main Road aligns with this median.

Stamp duty and registration fee for property in Manikodi Srinivasan Nagar Main Road

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 and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Manikodi Srinivasan Nagar Main Road?

The Sub Registrar Office that covers Manikodi Srinivasan Nagar Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, 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 Seevaram

The guideline value is a crucial factor in the registration process when buying or selling property in Seevaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the official rates set by the Registration Department.

When a property is registered, the guideline value helps determine the minimum value at which the property can be sold. This ensures transparency and fairness in property transactions, as all parties are aware of the established values set by the government.

Frequently asked questions

What is the current guideline value of Manikodi Srinivasan Nagar Main Road?

The current guideline value of Manikodi Srinivasan Nagar Main Road 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 over the years, starting from Rs 217 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024. The largest increase was between 2007 and 2012, with a rise of 233%.

What is the land classification for Manikodi Srinivasan Nagar Main Road?

The land classification for Manikodi Srinivasan Nagar Main Road is Residential Class II Type - I.

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

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

How is stamp duty calculated for properties in this area?

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