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Guideline Value

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Guideline Value for Maniyakara Street Ward No.2 Door No.1-31

₹330/sq.ft.

The guideline value for Maniyakara Street Ward No.2 Door No.1-31 in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹107 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹94 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201
044_29570408
[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 Maniyakara Street Ward No.2 Door No.1-31

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Maniyakara Street Ward No.2 Door No.1-31 guideline value

The current guideline value for Maniyakara Street Ward No.2 Door No.1-31 is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Maniyakara Street Ward No.2 Door No.1-31 has changed

The guideline value for Maniyakara Street has undergone several revisions since 2002. In 2002, the value was Rs 94 per sq.ft, which increased to Rs 107 per sq.ft in 2003, marking a 14% change. The value then rose to Rs 150 per sq.ft in 2007, a 40% increase. In 2012, it was recorded at Rs 300 per sq.ft, reflecting a 100% rise from the previous revision. However, the value dropped by 33% to Rs 201 per sq.ft in 2017. The 2023 revision set the value at Rs 300 per sq.ft, and the latest revision in 2024 increased it to Rs 330 per sq.ft, representing a 10% change.

Overall, from 2002 to 2024, the guideline value has increased by 251%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft. The median value is Rs 660 per sq.ft, indicating that the guideline value for Maniyakara Street is below this median.

Stamp duty and registration fee for property in Maniyakara Street Ward No.2 Door No.1-31

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that 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 Maniyakara Street Ward No.2 Door No.1-31?

The Sub Registrar Office that covers Maniyakara Street Ward No.2 Door No.1-31 is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Old Gummidipoondi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in accordance with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value for Maniyakara Street Ward No.2 Door No.1-31?

The current guideline value for Maniyakara Street Ward No.2 Door No.1-31 is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 94 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 251% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft property at the current guideline value of Rs 330 per sq.ft, the total stamp duty and registration fees would amount to Rs 29,700.

Which office handles the registration for Maniyakara Street?

The Gummidipoondi Sub Registrar Office handles the registration for Maniyakara Street Ward No.2 Door No.1-31, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately and in compliance with local regulations.