Guideline Value

Corporate

Guideline Value for MANTHAVELI MAIN ROAD

₹1930/sq.ft.

The guideline value for Manthaveli Main Road in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /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 Manthaveli Main Road

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Manthaveli Main Road guideline value

The current guideline value of Manthaveli Main Road is Rs 1,930 per sq.ft, effective from 1 July 2024. This road is located in Karambakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Manthaveli Main Road has changed

Over the years, the guideline value for Manthaveli Main Road has seen several revisions. In 2012, the value was Rs 1,750 per sq.ft, which decreased to Rs 1,172 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,750 per sq.ft in 2023, and then rose again to Rs 1,930 per sq.ft in 2024.

The changes between revisions show a notable increase of 49% from 2017 to 2023 and a further increase of 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 1,930 per sq.ft, which is equal to the guideline value of Manthaveli Main Road.

Stamp duty and registration fee for property in Manthaveli Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value amounts to Rs 19,30,000. The stamp duty at 7% would be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total fees to Rs 1,73,700. It is important to note that 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 Manthaveli Main Road?

The Sub Registrar Office that covers Manthaveli Main Road 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Karambakkam, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. It is essential for buyers and sellers to be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Manthaveli Main Road?

The current guideline value of Manthaveli Main Road is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, then to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,930 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Manthaveli Main Road?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,73,700, which includes stamp duty and registration fees.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Manthaveli Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Manthaveli Main Road?

Manthaveli Main Road is classified as Residential Class III Type - I under the Chennai South Joint I SRO.