Guideline Value

Corporate

Guideline Value for PURATCHI THALAIVI NAGAR MAIN STREET

₹1100/sq.ft.

The guideline value for Puratchi Thalaivi Nagar Main 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 Puratchi Thalaivi Nagar Main Street

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Puratchi Thalaivi Nagar Main Street guideline value

The current guideline value of Puratchi Thalaivi Nagar Main Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village under the Chennai South Joint I SRO and is classified as Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar Main Street has changed

The guideline value for Puratchi Thalaivi Nagar Main 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 the 2017 revision of Rs 670 per sq.ft. The value then increased to Rs 1,000 per sq.ft in 2012, followed by a significant rise to Rs 1,000 per sq.ft in 2023, marking a 49% increase from the 2017 figure. The latest revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. Puratchi Thalaivi Nagar Main Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar Main Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 Puratchi Thalaivi Nagar Main Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar Main 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. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Manapakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Ensuring that the property is registered at the guideline value or higher is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value for Puratchi Thalaivi Nagar Main Street?

The current guideline value for Puratchi Thalaivi Nagar Main Street 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 from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, representing a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for this street?

Puratchi Thalaivi Nagar Main Street is classified as Residential Class V Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Puratchi Thalaivi Nagar Main 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.