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Guideline Value

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Guideline Value for SATHYA NAGAR 4TH MAIN SALAI LEFT 2ND CROSS STREET

₹2530/sq.ft.

The guideline value for Sathya Nagar 4th Main Salai Left 2nd 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 4th Main Salai Left 2nd Cross Street

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Sathya Nagar 4th Main Salai Left 2nd Cross Street guideline value

The current guideline value for Sathya Nagar 4th Main Salai Left 2nd 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 4th Main Salai Left 2nd Cross Street has changed

The guideline value for Sathya Nagar 4th Main Salai Left 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,300 per sq.ft. This figure decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a 33% decline. However, from 2017 to 2023, the value increased significantly by 49% to Rs 2,300 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with 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 4th Main Salai Left 2nd Cross Street.

Stamp duty and registration fee for property in Sathya Nagar 4th Main Salai Left 2nd 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, totaling 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 also use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Sathya Nagar 4th Main Salai Left 2nd Cross Street?

The Sub Registrar Office that covers Sathya Nagar 4th Main Salai Left 2nd Cross Street 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 further assistance.

How the guideline value is used when you buy or sell in Manapakkam

When buying or selling property in Manapakkam, the guideline value is a crucial factor considered during registration. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Buyers and sellers should ensure that the sale price is equal to or higher than the guideline value, as the duty is charged on the higher of the two. This ensures compliance with local regulations and accurate financial planning for property transactions.

Frequently asked questions

What is the current guideline value for Sathya Nagar 4th Main Salai Left 2nd Cross Street?

The current guideline value for Sathya Nagar 4th Main Salai Left 2nd Cross Street 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, from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sathya Nagar 4th Main Salai Left 2nd Cross Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sathya Nagar 4th Main Salai Left 2nd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential that the sale price is equal to or higher than the guideline value to ensure compliance with local regulations.