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Guideline Value

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Guideline Value for Mada Veethi ( East, West, North and South )

₹880/sq.ft.

The guideline value for Mada Veethi ( East, West, North And South ) in Manimangalam A village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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

Manimangalam A

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Mada Veethi ( East, West, North And South )

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Mada Veethi ( East, West, North and South ) guideline value

The current guideline value of Mada Veethi ( East, West, North and South ) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mada Veethi ( East, West, North and South ) has changed

The guideline value for Mada Veethi has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased the guideline value to Rs 880 per sq.ft, marking a 10% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The significant changes observed include a 49% rise from 2017 to 2023 and the aforementioned increases leading to the current value.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft, with the median being Rs 880 per sq.ft. The guideline value for Mada Veethi is equal to this median. Below are the guideline values for other streets in Manimangalam A:

Stamp duty and registration fee for property in Mada Veethi ( East, West, North and South )

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. The duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mada Veethi ( East, West, North and South )?

The Sub Registrar Office that covers Mada Veethi is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Mada Veethi?

The current guideline value of Mada Veethi ( East, West, North and South ) is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, moving from Rs 536 per sq.ft to the current value of Rs 880 per sq.ft in 2024.

What are the other streets in Manimangalam A with the same guideline value?

Other streets in Manimangalam A that share the same guideline value of Rs 880 per sq.ft include Lenin Nagar Phase I, Lenin Garden, Mahalalshmi Nagar, and Manavalan Nagar.

What is the registration fee for properties in Mada Veethi?

The registration fee for properties in Mada Veethi is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the registration fee at 2% would be Rs 17,600.

Where can I find the Sub Registrar Office for Mada Veethi?

The Sub Registrar Office covering Mada Veethi is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more information on how to locate your SRO.