Guideline Value

Corporate

Guideline Value for MANIMEGALAI NAGAR

₹200/sq.ft.

The guideline value for Manimegalai Nagar in Aamoor village (Ponneri SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 100% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aamoor

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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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Manimegalai Nagar guideline value

The current guideline value of Manimegalai Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Aamoor village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Manimegalai Nagar has changed

The guideline value for Manimegalai Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw a significant jump to Rs 200 per sq.ft, representing a 100% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 199%, reflecting the changes in the real estate landscape of the area. The 2024 figure aligns with the median guideline value of Rs 200 per sq.ft for Aamoor village.

Guideline values in Aamoor

Aamoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 800 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the guideline value for Manimegalai Nagar. Here are the guideline values for other streets in Aamoor:

Stamp duty and registration fee for property in Manimegalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges 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 Manimegalai Nagar?

The Sub Registrar Office that covers Manimegalai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Aamoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Manimegalai Nagar?

The current guideline value of Manimegalai 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 increased from Rs 67 per sq.ft in 2017 to Rs 200 per sq.ft in 2024, with significant increases in 2023 and 2024 revisions.

What are the other streets in Aamoor and their guideline values?

Other streets in Aamoor include Kumarasamy Green Field, Olive Avenue Phase -II, Olive Avenue Phase -III, Sakthi Sai Nagar, Balaji Nagar, and Sri Srinivasa Nagar, with values ranging from Rs 175 to Rs 400 per sq.ft.

What are the stamp duty and registration fees for property in Manimegalai Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,000, based on the guideline value of Rs 2,00,000.

Which office handles property registrations in Manimegalai Nagar?

The Ponneri Sub Registrar Office handles property registrations for Manimegalai Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.