Guideline Value

Corporate

Guideline Value for SATHYA NAGAR MAIN ROAD

₹2530/sq.ft.

The guideline value for Sathya Nagar Main 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 Road

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Sathya Nagar Main Road guideline value

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

How the guideline value of Sathya Nagar Main Road has changed

Over the years, the guideline value for Sathya Nagar Main Road has seen several revisions. The 2012 revision recorded a value of Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,300 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,530 per sq.ft.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. The change from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with 2024 guideline values 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 current guideline value of Sathya Nagar Main Road.

Stamp duty and registration fee for property in Sathya Nagar Main 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, while the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Nagar Main Road?

The Sub Registrar Office that covers Sathya Nagar Main 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 is a crucial factor in property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that are applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions. This value is updated periodically, reflecting changes in the real estate market and local development.

Frequently asked questions

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

The current guideline value of Sathya Nagar Main 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 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Sathya Nagar Main Road?

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

Where can I find the registration office for Sathya Nagar Main Road?

The registration office for Sathya Nagar Main 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 on Sathya Nagar Main Road?

The stamp duty for properties on Sathya Nagar Main Road is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 1,77,100 at the current guideline value.