Guideline Value

Corporate

Guideline Value for SATHYA NAGAR MAIN JOINT RAMAPURAM ROAD

₹2530/sq.ft.

The guideline value for Sathya Nagar Main Joint Ramapuram 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 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 Main Joint Ramapuram Road

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Sathya Nagar Main Joint Ramapuram Road guideline value

The current guideline value of Sathya Nagar Main Joint Ramapuram Road is Rs 2,530 per sq.ft. This street is located in Manapakkam village, falling 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 Joint Ramapuram Road has changed

Over the years, the guideline value for Sathya Nagar Main Joint Ramapuram Road 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 Rs 1,541 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,300 per sq.ft, and the most recent 2024 revision raised it to Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available 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 value is Rs 2,530 per sq.ft, which is equal to the guideline value of Sathya Nagar Main Joint Ramapuram Road.

Stamp duty and registration fee for property in Sathya Nagar Main Joint Ramapuram Road

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 to 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sathya Nagar Main Joint Ramapuram Road?

The Sub Registrar Office that covers Sathya Nagar Main Joint Ramapuram 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 details.

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

The guideline value is a crucial factor in property transactions in Manapakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is periodically revised to reflect changes in the real estate market.

When selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sathya Nagar Main Joint Ramapuram Road?

The current guideline value of Sathya Nagar Main Joint Ramapuram 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 seen several revisions, with the most recent increase being from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Sathya Nagar Main Joint Ramapuram Road?

The land classification for Sathya Nagar Main Joint Ramapuram Road is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office for Sathya Nagar Main Joint Ramapuram 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 is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 at 7%.