Guideline Value

Corporate

Guideline Value for Manimangalam Road

₹770/sq.ft.

The guideline value for Manimangalam Road in Thundalkazhani village (Padappai SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalkazhani

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

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 Manimangalam Road

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Manimangalam Road guideline value

The current guideline value of Manimangalam Road in Thundalkazhani village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Special Type - I.

How the guideline value of Manimangalam Road has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 469 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 700 per sq.ft, and the latest 2024 revision raised it further to Rs 770 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions indicate a notable rise of 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024.

Guideline values in Thundalkazhani

In Thundalkazhani, there are 10 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value of Manimangalam Road.

Stamp duty and registration fee for property in Manimangalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty would be 7% of this value, amounting to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total charges would be Rs 69,300. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Manimangalam Road?

The Sub Registrar Office that covers Manimangalam Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thundalkazhani. 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 with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Manimangalam Road?

The current guideline value of Manimangalam Road is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the other streets in Thundalkazhani and their guideline values?

Other streets in Thundalkazhani include Maha Lakshmi Nagar at Rs 830 per sq.ft, M.R.T.Nagar at Rs 660 per sq.ft, Kanniammal Koil Street at Rs 770 per sq.ft, Ramaiah Nagar at Rs 550 per sq.ft, Ramaiah Nagar Extension at Rs 2,500 per sq.ft, and Sri Moogambigai Nagar at Rs 440 per sq.ft.

What is the registration fee for a property in Manimangalam Road?

The registration fee for a property in Manimangalam Road is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total registration fee would be Rs 69,300.

Where is the Sub Registrar Office for Manimangalam Road located?

The Sub Registrar Office for Manimangalam Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.