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Guideline Value

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Guideline Value for SATHYA NAGAR 2ND MAIN CROSS ROAD

₹2530/sq.ft.

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

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Sathya Nagar 2nd Main Cross Road guideline value

The current guideline value of Sathya Nagar 2nd Main Cross Road is Rs 2,530 per sq.ft. 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 2nd Main Cross Road has changed

The guideline value for Sathya Nagar 2nd Main Cross Road has seen several revisions over the years. In 2002, the guideline value was Rs 485 per sq.ft, which increased to Rs 540 per sq.ft in 2003, marking an increase of 11%. The value continued to rise significantly, reaching Rs 850 per sq.ft in 2007, which was a 57% increase from the previous revision. The 2012 revision saw the value at Rs 2,300 per sq.ft, reflecting a substantial increase of 171% from 2007. However, this figure dropped to Rs 1,541 per sq.ft in 2017, a decrease of 33% from the 2012 revision. The guideline value then rose to Rs 2,300 per sq.ft in 2023, followed by another increase to Rs 2,530 per sq.ft in 2024, representing a 10% increase from the previous year.

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

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 guideline value for Sathya Nagar 2nd Main Cross Road.

Stamp duty and registration fee for property in Sathya Nagar 2nd Main 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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathya Nagar 2nd Main Cross Road?

The Sub Registrar Office that covers Sathya Nagar 2nd Main Cross Road 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 plays a crucial role during the registration of property transactions in Manapakkam. It serves as a benchmark for assessing the value of properties, ensuring that the sale price is in line with the official valuations set by the government.

When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures transparency and helps in maintaining a standardized approach to property transactions in the area.

Frequently asked questions

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

The current guideline value of Sathya Nagar 2nd Main 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 2nd Main Cross Road?

The land classification for Sathya Nagar 2nd Main Cross Road is Residential Class II Type - I.

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

The Sub Registrar Office for Sathya Nagar 2nd Main Cross Road 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,27,700.