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Guideline Value

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Guideline Value for SATHYA NAGAR 1ST TO 6TH CROSS STREET

₹2530/sq.ft.

The guideline value for Sathya Nagar 1st To 6th Cross Street 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 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 Sathya Nagar 1st To 6th Cross Street

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Sathya Nagar 1st To 6th Cross Street guideline value

The current guideline value for Sathya Nagar 1st To 6th Cross Street 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 To 6th Cross Street has changed

Over the years, the guideline value for Sathya Nagar 1st To 6th Cross Street has seen several revisions. The 2012 revision set the guideline value at Rs 2,300 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 1,541 per sq.ft. The 2023 revision increased the value to Rs 2,300 per sq.ft, and the current 2024 revision has raised it to Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. From 2012 to 2024, the overall increase in guideline value is 10%, indicating a gradual adjustment in property valuations over time.

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 for these streets is Rs 2,530 per sq.ft, which is equal to the current value for Sathya Nagar 1st To 6th Cross Street.

Stamp duty and registration fee for property in Sathya Nagar 1st To 6th Cross Street

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 cost together to Rs 2,27,700. It is important to note that the 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 Sathya Nagar 1st To 6th Cross Street?

The Sathya Nagar 1st To 6th Cross Street falls under the jurisdiction of 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 plays a crucial role during 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 all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives the appropriate revenue from property sales while providing a transparent mechanism for property valuation.

Frequently asked questions

What is the current guideline value for Sathya Nagar 1st To 6th Cross Street?

The current guideline value for Sathya Nagar 1st To 6th Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with the most recent increase from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, marking a 10% increase.

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

Several other streets in Manapakkam have the same guideline value of Rs 2,530 per sq.ft, including Sathya Nagar 1st Main Street Cross Road and Sathya Nagar 2nd Cross Street, among others.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Sathya Nagar 1st To 6th Cross Street?

The registration for Sathya Nagar 1st To 6th Cross Street is handled 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.