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Guideline Value

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Guideline Value for SATHYA NAGAR 2ND MAIN CROSS ROAD 1

₹2530/sq.ft.

The guideline value for Sathya Nagar 2nd Main Cross Road 1 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 2nd Main Cross Road 1

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Sathya Nagar 2nd Main Cross Road 1 guideline value

The current guideline value for Sathya Nagar 2nd Main Cross Road 1 is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village, under the Chennai South Joint I SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Sathya Nagar 2nd Main Cross Road 1 has changed

The guideline value for Sathya Nagar 2nd Main Cross Road 1 has undergone several revisions since 2002. 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%. The value saw a significant rise to Rs 850 per sq.ft in 2007, reflecting a 57% increase. By 2012, the value was Rs 2,300 per sq.ft, which was a substantial increase of 171%. However, there was a decrease to Rs 1,541 per sq.ft in 2017, with a drop of 33%. The value then rose to Rs 2,300 per sq.ft in 2023, before reaching the current value of Rs 2,530 per sq.ft in 2024, which is a 10% increase.

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

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 value is Rs 2,530 per sq.ft, making the current value of Sathya Nagar 2nd Main Cross Road 1 equal to this median.

Stamp duty and registration fee for property in Sathya Nagar 2nd Main Cross Road 1

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be 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, making the total cost for these fees Rs 2,27,700. 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 Sathya Nagar 2nd Main Cross Road 1?

The Sub Registrar Office that covers Sathya Nagar 2nd Main Cross Road 1 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 the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price is compared to the guideline value. The higher of the two values is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sathya Nagar 2nd Main Cross Road 1?

The current guideline value for Sathya Nagar 2nd Main Cross Road 1 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 seen several changes, increasing 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 2nd Main Cross Road 1?

Sathya Nagar 2nd Main Cross Road 1 is classified under Residential Class II Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sathya Nagar 2nd Main Cross Road 1 located?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035, under the Chennai South Joint I SRO.