Guideline Value

Corporate

Guideline Value for PERIYA PALAYATHAMMAN KOIL 1ST STREET

₹1100/sq.ft.

The guideline value for Periya Palayathamman Koil 1st Street in Manapakkam village (Chennai South Joint I SRO, Chennai 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 Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class V Type - III
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 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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Periya Palayathamman Koil 1st Street

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Periya Palayathamman Koil 1st Street guideline value

The current guideline value of Periya Palayathamman Koil 1st Street is Rs 1,100 per sq.ft. This street is located in Manapakkam village, under the Chennai South Joint I SRO, and falls under the Residential Class V Type - III land classification.

How the guideline value of Periya Palayathamman Koil 1st Street has changed

The guideline value for Periya Palayathamman Koil 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from Rs 670 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change has been a modest increase of 10%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value is Rs 2,530 per sq.ft, indicating that the guideline value of Periya Palayathamman Koil 1st Street is below this median.

Stamp duty and registration fee for property in Periya Palayathamman Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Palayathamman Koil 1st Street?

The Sub Registrar Office that covers Periya Palayathamman Koil 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Manapakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during property transfers.

When a property is sold, the registration office uses the guideline value to determine the applicable fees. This value helps in maintaining transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Periya Palayathamman Koil 1st Street?

The current guideline value of Periya Palayathamman Koil 1st Street is Rs 1,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing a significant overall change from 2012 to 2024.

What is the registration office for this street?

The registration office for Periya Palayathamman Koil 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the higher of the guideline value or the sale price.

What is the median guideline value in Manapakkam?

The median guideline value in Manapakkam is Rs 2,530 per sq.ft. The guideline value of Periya Palayathamman Koil 1st Street is below this median at Rs 1,100 per sq.ft.