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Guideline Value

Corporate

Guideline Value for SATHYA NAGAR MAIN 3RD STREET

₹2530/sq.ft.

The guideline value for Sathya Nagar Main 3rd 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 ₹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 Main 3rd Street

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Sathya Nagar Main 3rd Street guideline value

The current guideline value of Sathya Nagar Main 3rd 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 Main 3rd Street has changed

The guideline value for Sathya Nagar Main 3rd Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 485 per sq.ft. It increased to Rs 540 per sq.ft in 2003, marking an increase of 11%. In 2007, the value jumped significantly to Rs 850 per sq.ft, which was a 57% rise. The 2012 revision saw a further increase to Rs 2,300 per sq.ft, reflecting a substantial 171% change. However, in 2017, the value decreased to Rs 1,541 per sq.ft, showing a decline of 33%. The most recent revisions include Rs 2,300 per sq.ft in 2023, followed by the current value of Rs 2,530 per sq.ft in 2024, which is an increase of 10% from the previous year.

There are no figures available for the revisions in the years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 422%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with the 2024 guideline values 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 Main 3rd Street.

Stamp duty and registration fee for property in Sathya Nagar Main 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,530 per sq.ft, the 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Nagar Main 3rd Street?

The Sub Registrar Office that covers Sathya Nagar Main 3rd 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 more details.

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

The guideline value is a crucial factor when registering property in Manapakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. It is essential for both parties to understand these fees to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sathya Nagar Main 3rd Street?

The current guideline value of Sathya Nagar Main 3rd 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 changed significantly from Rs 485 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 422%.

What is the land classification for Sathya Nagar Main 3rd Street?

The land classification for Sathya Nagar Main 3rd Street is Residential Class II Type - I.

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

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles property registrations for Sathya Nagar Main 3rd Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Sathya Nagar Main 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.