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Guideline Value

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Guideline Value for RIVERVIEW COLONY 3RD MAIN CROSS STREET

₹3300/sq.ft.

The guideline value for Riverview Colony 3rd Main Cross Street 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 3rd Main Cross Street

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Riverview Colony 3rd Main Cross Street guideline value

The current guideline value of Riverview Colony 3rd Main Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Riverview Colony 3rd Main Cross Street has changed

The guideline value for Riverview Colony 3rd Main Cross Street has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then further to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10% from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of +49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. The register does not contain 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 have a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value is Rs 2,530 per sq.ft, placing Riverview Colony 3rd Main Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Riverview Colony 3rd Main Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Riverview Colony 3rd Main Cross Street?

The Riverview Colony 3rd Main Cross Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Manapakkam. It is the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Riverview Colony 3rd Main Cross Street?

The current guideline value of Riverview Colony 3rd Main Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Riverview Colony 3rd Main Cross Street?

The land classification for Riverview Colony 3rd Main Cross Street is Residential Class I Type - I.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam with a guideline value of Rs 3,300 per sq.ft include Riverview Colony 2nd Main Road Yamuna Street Link Salai, Riverview Colony 3rd Main Road, Riverview Colony 2nd Main Road, Riverview Colony 4th Main Road, Riverview Colony 1st Main Road - 2nd Main Road Link Salai, and Riverview Colony Deesta Street.

Where can I find the Sub Registrar Office for Riverview Colony 3rd Main Cross Street?

The Sub Registrar Office covering Riverview Colony 3rd Main Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.