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Guideline Value

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Guideline Value for RIVERVIEW COLONY 1ST MAIN ROAD - 2ND MAIN ROAD LINK SALAI

₹3300/sq.ft.

The guideline value for Riverview Colony 1st Main Road - 2nd Main Road Link Salai in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 Riverview Colony 1st Main Road - 2nd Main Road Link Salai

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Riverview Colony 1st Main Road - 2nd Main Road Link Salai guideline value

The current guideline value of Riverview Colony 1st Main Road - 2nd Main Road Link Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Riverview Colony 1st Main Road - 2nd Main Road Link Salai has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,010 per sq.ft. In 2023, the value increased to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not provide 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, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value is Rs 2,530 per sq.ft, placing the 2024 figure for Riverview Colony 1st Main Road - 2nd Main Road Link Salai above this median.

Stamp duty and registration fee for property in Riverview Colony 1st Main Road - 2nd Main Road Link Salai

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Riverview Colony 1st Main Road - 2nd Main Road Link Salai?

The Sub Registrar Office that covers Riverview Colony 1st Main Road - 2nd Main Road Link Salai 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 information.

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

The guideline value is a crucial factor in property transactions in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the purchase or sale of a property. This value is set by the government and is regularly revised to reflect market conditions.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It helps maintain transparency in the real estate market and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value for Riverview Colony 1st Main Road - 2nd Main Road Link Salai?

The current guideline value for Riverview Colony 1st Main Road - 2nd Main Road Link Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent revision in 2024 increasing it to Rs 3,300 per sq.ft from Rs 3,000 per sq.ft in 2023, a 10% increase. From 2017 to 2023, the value rose by 49% from Rs 2,010 per sq.ft.

What is the land classification for this area?

The land classification for Riverview Colony 1st Main Road - 2nd Main Road Link Salai is Residential Class I Type - I.

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

The Sub Registrar Office covering this property 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 of the property, whichever is higher. For example, a 1,000 sq.ft plot with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.