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Guideline Value

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Guideline Value for MANOHAR NAGAR 2ND CROSS STREET AND EXTENSION

₹2420/sq.ft.

The guideline value for Manohar Nagar 2nd Cross Street And Extension 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 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 2nd Cross Street And Extension

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Manohar Nagar 2nd Cross Street And Extension guideline value

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

How the guideline value of Manohar Nagar 2nd Cross Street And Extension has changed

The guideline value for this street has undergone several revisions since 2002. The 2012 revision set the guideline value at Rs 2,200 per sq.ft, which was then increased to Rs 2,420 per sq.ft in the 2024 revision, marking a change of +10%. The register has no figures for the years 2003, 2007, 2017, and 2023.

From 2012 to 2024, the increase in guideline value reflects the adjustments made by the authorities. The current figure of Rs 2,420 per sq.ft is the latest update, effective from July 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 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 value for these streets is Rs 1,650 per sq.ft, making the current guideline value for Manohar Nagar 2nd Cross Street And Extension above that median.

Stamp duty and registration fee for property in Manohar Nagar 2nd Cross Street And Extension

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manohar Nagar 2nd Cross Street And Extension?

The Sub Registrar Office that covers Manohar Nagar 2nd Cross Street And Extension 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 an essential figure used during the registration of property transactions in Pallikaranai. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable charges. It ensures that the transaction is recorded accurately and complies with the legal requirements set forth by the authorities.

Frequently asked questions

What is the current guideline value for Manohar Nagar 2nd Cross Street And Extension?

The current guideline value for Manohar Nagar 2nd Cross Street And Extension 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 from Rs 2,200 per sq.ft in 2012 to Rs 2,420 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for this area?

The land classification for Manohar Nagar 2nd Cross Street And Extension is Residential Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot, 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.

Which office handles registrations for Manohar Nagar 2nd Cross Street And Extension?

The Chennai South Joint I Sub Registrar Office handles registrations for this area, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.