Guideline Value

Corporate

Guideline Value for MANIYAMMAI ST,

₹2200/sq.ft.

The guideline value for Maniyammai St, in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹316 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹283 /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]

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Maniyammai St, guideline value

The current guideline value of Maniyammai St, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Maniyammai St, has changed

The guideline value for Maniyammai St, has undergone several revisions over the years. In 2002, the value was Rs 283 per sq.ft, which increased to Rs 316 per sq.ft in 2003. The value saw a significant rise to Rs 400 per sq.ft in 2007, followed by a substantial jump to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,200 per sq.ft.

Between the revisions, there were notable changes: from 2002 to 2003, the increase was +12%; from 2003 to 2007, it rose by +27%; a significant jump of +400% occurred from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. From 2017 to 2023, it increased by +49%, and the latest revision from 2023 to 2024 saw a rise of +10%. Overall, from 2002 to 2024, the guideline value has increased by +677%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that the guideline value for Maniyammai St, is below this median.

Stamp duty and registration fee for property in Maniyammai St,

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Maniyammai St,?

The Sub Registrar Office that covers Maniyammai St, 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 Palavakkam

The guideline value is a crucial factor during property transactions in Palavakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid potential legal issues.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for both parties to be aware of the guideline value to facilitate a smooth buying or selling process.

Frequently asked questions

What is the current guideline value of Maniyammai St,?

The current guideline value of Maniyammai St, is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 283 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +677% over the years.

What are the other streets in Palavakkam with their guideline values?

Other streets in Palavakkam include Manimegalai Street at Rs 1,700 per sq.ft, Ma.Po.See. Street Extension at Rs 2,800 per sq.ft, and Marika Nagar at Rs 6,100 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Maniyammai St,?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total fees would amount to Rs 1,98,000.

Which office handles the registration for Maniyammai St,?

The Neelankarai Sub Registrar Office handles registrations for Maniyammai St, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.