Guideline Value

Corporate

Guideline Value for MARVEL RIVER VIEW COUNTY

₹3300/sq.ft.

The guideline value for Marvel River View County in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 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

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
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 Marvel River View County

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Marvel River View County guideline value

The current guideline value for Marvel River View County in Manapakkam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Marvel River View County has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 850 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024. Notably, there are no figures available in the register for the years 2002 and 2003.

In terms of percentage changes, the guideline value increased by 253% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The most recent revision in 2024 reflects an increase of 10% from 2023. Overall, the guideline value has increased by 288% from 2007 to 2024.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Marvel River View County is above this median.

Stamp duty and registration fee for property in Marvel River View County

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Marvel River View County?

The Sub Registrar Office that covers Marvel River View County 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The higher of the two values is used for calculating the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Marvel River View County?

The current guideline value of Marvel River View County is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 850 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 288% over the years.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam with the same guideline value of Rs 3,300 per sq.ft include the 1st, 2nd, 3rd, 4th, 5th, and 6th Cross Streets of Marvel River View County.

What is the stamp duty rate for property in Marvel River View County?

The stamp duty rate for property in Marvel River View County is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Chennai South Joint I Sub Registrar Office or using the online tool available to find your SRO.