Guideline Value

Corporate

Guideline Value for METRO CITY PHASE - II

₹415/sq.ft.

The guideline value for Metro City Phase - Ii in Papparambakkam village (Manavalanagar SRO, Chennai zone) is Rs 415 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Papparambakkam

Village

Manavalanagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹415 /sq.ft.
From 1-4-2023 ₹415 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Metro City Phase - Ii

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Metro City Phase - II guideline value

The current guideline value of Metro City Phase - II in Papparambakkam village is Rs 415 per sq.ft, effective from 1 July 2024. This property falls under the Manavalanagar SRO and is classified as Residential Special Type - I.

How the guideline value of Metro City Phase - II has changed

According to the register, there have been several revisions for the guideline value of Metro City Phase - II. The most recent revision in 2024 set the value at Rs 415 per sq.ft, which is the same as the 2023 revision. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 415 per sq.ft. The earlier revisions do not provide any figures for this street, indicating a lack of recorded changes in those years.

Guideline values in Papparambakkam

In Papparambakkam, 23 streets under the Manavalanagar SRO have a 2024 guideline value ranging from Rs 400 to Rs 620 per sq.ft, with a median value of Rs 520 per sq.ft. The guideline value of Metro City Phase - II is below this median.

Stamp duty and registration fee for property in Metro City Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 415 per sq.ft, the guideline value amounts to Rs 4,15,000. The stamp duty at 7% would be Rs 29,050, and the registration fee at 2% would be Rs 8,300, bringing the total to Rs 37,350. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metro City Phase - II?

The Sub Registrar Office that covers Metro City Phase - II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Papparambakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, protecting both the buyer and seller. It is essential for buyers to be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Metro City Phase - II?

The current guideline value of Metro City Phase - II is Rs 415 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Metro City Phase - II has remained at Rs 415 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Papparambakkam?

The median guideline value in Papparambakkam for 2024 is Rs 520 per sq.ft, with values for 23 streets ranging from Rs 400 to Rs 620 per sq.ft.

What are the stamp duty and registration fees for a property in Metro City Phase - II?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 37,350, which includes a stamp duty of Rs 29,050 and a registration fee of Rs 8,300.

Where is the Sub Registrar Office for Metro City Phase - II located?

The Sub Registrar Office for Metro City Phase - II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.