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Guideline Value

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Guideline Value for SATHYA NAGAR 1ST MAIN STREET CROSS ROAD

₹2530/sq.ft.

The guideline value for Sathya Nagar 1st Main Street Cross Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹540 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹485 /sq.ft.
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 Sathya Nagar 1st Main Street Cross Road

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Sathya Nagar 1st Main Street Cross Road guideline value

The current guideline value of Sathya Nagar 1st Main Street Cross Road is Rs 2,530 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 II Type - I.

How the guideline value of Sathya Nagar 1st Main Street Cross Road has changed

The guideline value for Sathya Nagar 1st Main Street Cross Road has seen several revisions over the years. In 2002, the value was Rs 485 per sq.ft, which increased to Rs 540 per sq.ft in 2003, marking an increase of 11%. By 2007, the guideline value rose significantly to Rs 850 per sq.ft, reflecting a 57% increase. The value continued to rise to Rs 2,300 per sq.ft in 2012, showing a substantial increase of 171%. However, it decreased to Rs 1,541 per sq.ft in 2017, a decline of 33%. The next revision in 2023 set the value at Rs 2,300 per sq.ft, followed by the current value of Rs 2,530 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 422%. The register has no figure for the years not mentioned in the revisions.

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. The median guideline value is Rs 2,530 per sq.ft, which is equal to the current value of Sathya Nagar 1st Main Street Cross Road.

Stamp duty and registration fee for property in Sathya Nagar 1st Main Street Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 detailed calculations.

Which Sub Registrar Office covers Sathya Nagar 1st Main Street Cross Road?

The Sathya Nagar 1st Main Street Cross Road 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 is a critical factor in the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential for buyers to be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Sathya Nagar 1st Main Street Cross Road?

The current guideline value of Sathya Nagar 1st Main Street Cross Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 485 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 422% over the years.

What is the land classification for Sathya Nagar 1st Main Street Cross Road?

The land classification for Sathya Nagar 1st Main Street Cross Road is Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 25,30,000, with stamp duty at Rs 1,77,100 and registration fee at Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Sathya Nagar 1st Main Street Cross Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.