Guideline Value

Corporate

Guideline Value for Manikandan Nagar

₹440/sq.ft.

The guideline value for Manikandan Nagar in Pullilyon village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Pullilyon

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹29 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Manikandan Nagar

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Manikandan Nagar guideline value

The current guideline value of Manikandan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Pullilyon village, under the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Manikandan Nagar has changed

The guideline value for Manikandan Nagar has seen significant changes over the years. Starting from Rs 29 per sq.ft in 2003, it increased to Rs 200 per sq.ft in 2007, followed by a rise to Rs 400 per sq.ft in 2012. However, there was a decrease in value to Rs 268 per sq.ft in 2017. The value then rose to Rs 400 per sq.ft in 2023 before reaching the current rate of Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1417%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Manikandan Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Manikandan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty is charged at 7%, which equals Rs 30,800, and the registration fee at 2% totals Rs 8,800. Together, the total cost for stamp duty and registration fee would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Manikandan Nagar?

The Sub Registrar Office that covers Manikandan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. This ensures that both buyers and sellers are aware of the official valuation of the property.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Manikandan Nagar?

The current guideline value of Manikandan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 29 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, marking an overall increase of 1417% over this period.

What are the other guideline values in Pullilyon?

Other streets in Pullilyon have varying guideline values, with rates ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft.

How is stamp duty calculated for properties in Manikandan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 30,800.

Where can I find the Sub Registrar Office for Manikandan Nagar?

The Sub Registrar Office for Manikandan Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.