Guideline Value

Corporate

Guideline Value for Naresh Avenue

₹1100/sq.ft.

The guideline value for Naresh Avenue in Mannivakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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:

Chengalpattu

Zone

Mannivakkam

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Naresh Avenue

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Naresh Avenue guideline value

The current guideline value of Naresh Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Naresh Avenue has changed

The guideline value for Naresh Avenue has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, it saw a decrease to Rs 670 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 1,100 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, placing Naresh Avenue's current value below that median.

Stamp duty and registration fee for property in Naresh Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% amounts to Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Naresh Avenue?

The Sub Registrar Office that covers Naresh Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mannivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Naresh Avenue?

The current guideline value of Naresh Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340%.

What are the other streets in Mannivakkam with their guideline values?

Other streets in Mannivakkam include Nedunsalai Nagar at Rs 1,100 per sq.ft, Nethaji Avenue at Rs 2,200 per sq.ft, Muthukrishnan Nagar at Rs 990 per sq.ft, Nova Ncr at Rs 3,300 per sq.ft, Mudichur Road at Rs 2,750 per sq.ft, and Outer Ring Road at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for properties in Naresh Avenue?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000. This is based on the guideline value of Rs 1,100 per sq.ft.

Which office handles registrations for Naresh Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Naresh Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.