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Guideline Value

Corporate

Guideline Value for MANOGAR NAGAR EXTN.

₹2420/sq.ft.

The guideline value for Manogar Nagar Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹132 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹112 /sq.ft.
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 Manogar Nagar Extn.

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Manogar Nagar Extn. guideline value

The current guideline value of Manogar Nagar Extn. is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Manogar Nagar Extn. has changed

The guideline value for Manogar Nagar Extn. has seen significant changes over the years. In 2002, the guideline value was Rs 112 per sq.ft, which increased to Rs 132 per sq.ft in 2003. Following that, there was a substantial rise to Rs 400 per sq.ft in 2007, and then it surged to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017. The guideline value then rose to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,420 per sq.ft as of the 2024 revision.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is 2061%. The jump from 2017 to 2023 was 49%, while the transition from 2023 to 2024 reflects a 10% increase. The period from 2007 to 2012 saw a significant rise of 450%, and from 2003 to 2007, it increased by 203%. The decrease from 2012 to 2017 was 33%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the 2024 figure for Manogar Nagar Extn. above that median.

Stamp duty and registration fee for property in Manogar Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total cost for these fees to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manogar Nagar Extn.?

The Sub Registrar Office that covers Manogar Nagar Extn. 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. 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 a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Manogar Nagar Extn.?

The current guideline value of Manogar Nagar Extn. is Rs 2,420 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 112 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 2061%.

What are the stamp duty and registration fees for property in Manogar Nagar Extn.?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000, resulting in a stamp duty of Rs 1,69,400 and a registration fee of Rs 48,400, totaling Rs 2,17,800.

Where is the Sub Registrar Office for Manogar Nagar Extn. located?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and is the basis for calculating stamp duty and registration fees, ensuring accurate recording of property transactions.