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Guideline Value

Corporate

Guideline Value for MANOHAR NAGAR 10TH STREET

₹2420/sq.ft.

The guideline value for Manohar Nagar 10th Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. 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 N/A
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 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)

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 Manohar Nagar 10th Street

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Manohar Nagar 10th Street guideline value

The current guideline value of Manohar Nagar 10th Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Manohar Nagar 10th Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly by 64%, reaching the current rate of Rs 2,420 per sq.ft.

The register has no figure for the years 2002, 2003, 2007, and 2023 for this street. Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10% in the guideline value.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Manohar Nagar 10th Street is above this median.

Stamp duty and registration fee for property in Manohar Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Manohar Nagar 10th Street?

The Sub Registrar Office that covers Manohar Nagar 10th Street 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 serves as a benchmark for property transactions in Pallikaranai. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process.

It is essential to note that the guideline value may differ from the sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manohar Nagar 10th Street?

The current guideline value of Manohar Nagar 10th Street 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 seen several revisions, with the most recent increase of 64% from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the land classification of Manohar Nagar 10th Street?

Manohar Nagar 10th Street is classified as Residential Class I Type - I. This classification indicates the type of development permitted in the area.

What is the registration fee for property in Manohar Nagar 10th Street?

The registration fee for property transactions is 2% of the guideline value. For example, a property valued at Rs 24,20,000 would incur a registration fee of Rs 48,400.

Which office handles registration for Manohar Nagar 10th Street?

The Chennai South Joint I Sub Registrar Office handles registration for Manohar Nagar 10th Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.