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Guideline Value

Corporate

Guideline Value for MANOHAR NAGAR 18TH STREET

₹2420/sq.ft.

The guideline value for Manohar Nagar 18th Street 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 N/A
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 18th Street

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Manohar Nagar 18th Street guideline value

The current guideline value of Manohar Nagar 18th 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, and is classified as Residential Class I Type - I.

How the guideline value of Manohar Nagar 18th Street has changed

The guideline value for Manohar Nagar 18th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,200 per sq.ft. The 2012 revision also recorded Rs 2,200 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values for 2024 ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making the 2024 figure for Manohar Nagar 18th Street above that median.

Stamp duty and registration fee for property in Manohar Nagar 18th Street

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 charges to Rs 2,17,800. It is important to note that 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 Manohar Nagar 18th Street?

The Sub Registrar Office that covers Manohar Nagar 18th 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 is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected based on the higher of the guideline value or the sale price. This ensures that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Manohar Nagar 18th Street?

The current guideline value of Manohar Nagar 18th 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 an increase of 10% from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024. There was no change from 2012 to 2023, with the value remaining at Rs 2,200 per sq.ft.

What are the guideline values for other streets in Pallikaranai?

Other streets in Pallikaranai have a guideline value range from Rs 1,110 to Rs 8,580 per sq.ft, with the median value being Rs 1,650 per sq.ft. Manohar Nagar 18th Street's value is above this median.

What are the stamp duty and registration fees for property in Manohar Nagar 18th Street?

For a property valued at Rs 24,20,000, the stamp duty is Rs 1,69,400 and the registration fee is Rs 48,400, totaling Rs 2,17,800. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Manohar Nagar 18th Street?

The Sub Registrar Office for Manohar Nagar 18th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details online.