Guideline Value

Corporate

Guideline Value for MANOHAR NAGAR

₹2420/sq.ft.

The guideline value for Manohar Nagar 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 ₹500 /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 Manohar Nagar

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Manohar Nagar guideline value

The current guideline value of Manohar Nagar, located in Pallikaranai village, is Rs 2,420 per sq.ft. This value is effective from 1 July 2024 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 has changed

Over the years, the guideline value of Manohar Nagar has seen significant changes. Starting from Rs 112 per sq.ft in 2002, it rose to Rs 132 per sq.ft in 2003, marking an increase of 18%. The value then jumped to Rs 500 per sq.ft in 2007, a substantial increase of 279%. By 2012, the value remained at Rs 2,200 per sq.ft, and this figure did not change until 2023.

In 2023, the guideline value was revised to Rs 2,200 per sq.ft, which remained unchanged until the latest revision in 2024, where it increased to Rs 2,420 per sq.ft, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by an impressive 2061%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values 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, placing Manohar Nagar's current value above this median.

Stamp duty and registration fee for property in Manohar Nagar

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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manohar Nagar?

The Sub Registrar Office that covers Manohar Nagar 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 buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

It is important to note that the guideline value can impact the overall cost of the transaction. Buyers should be prepared to pay stamp duty based on the higher of the guideline value or the sale price, which can significantly influence the total expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Manohar Nagar?

The current guideline value of Manohar Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 112 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, representing an overall increase of 2061%.

What is the land classification for Manohar Nagar?

Manohar Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is stamp duty calculated for properties in Manohar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at 7%.

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

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