Guideline Value

Corporate

Guideline Value for MARVEL RIVERVIEW COUNTY 2ND CROSS STREET

₹3300/sq.ft.

The guideline value for Marvel Riverview County 2nd Cross Street 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 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 Marvel Riverview County 2nd Cross Street

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Marvel Riverview County 2nd Cross Street guideline value

The current guideline value of Marvel Riverview County 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village under the Chennai South Joint I SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Marvel Riverview County 2nd Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 3,000 per sq.ft in the 2023 revision, followed by another rise to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase. The overall change from 2012 to 2024 shows a modest increase of 10%.

The register has no figure for the years 2002, 2003, and 2007 for this street. The 2023 to 2024 revision indicates a 10% increase in the guideline value.

Guideline values in Manapakkam

In Manapakkam, there are a total of 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. The median guideline value for these streets is Rs 2,530 per sq.ft, which means that the guideline value of Marvel Riverview County 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Marvel Riverview County 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to 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 precise calculations.

Which Sub Registrar Office covers Marvel Riverview County 2nd Cross Street?

The Sub Registrar Office that covers Marvel Riverview County 2nd Cross 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 details.

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

The guideline value is an essential factor during the registration of properties in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties. This ensures transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Marvel Riverview County 2nd Cross Street?

The current guideline value of Marvel Riverview County 2nd Cross Street 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 changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Marvel Riverview County 2nd Cross Street is Residential Class I Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for this area?

The Chennai South Joint I Sub Registrar Office handles registrations for Marvel Riverview County 2nd Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.