Guideline Value for SRI MANAV NAGAR

Sri Manav Nagar guideline value

The current guideline value of Sri Manav Nagar in Allappakkam village is Rs 875 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - III land.

How the guideline value of Sri Manav Nagar has changed

The guideline value for Sri Manav Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 875 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 586 per sq.ft, marking a significant increase of 49% from 2017 to 2023. In 2012, the value was also Rs 875 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, there has been no change in the guideline value from 2012 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. This lack of data means that the changes in guideline value during those years are not available for reference.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 1,102 per sq.ft, placing Sri Manav Nagar's 2024 figure below this median.

• Sri Ganesh Avenue: Rs 1,102 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,102 per sq.ft (2024)
• Sri Sastha Nagar: Rs 902 per sq.ft (2024)
• Sri Sawdambiga Nagar Phase-I: Rs 902 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 800 per sq.ft (2024)
• Star City Phase-I: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Manav Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 875 per sq.ft, the total guideline value amounts to Rs 8,75,000. The stamp duty, charged at 7%, would be Rs 61,250, and the registration fee at 2% would be Rs 17,500, bringing the total cost for these fees to Rs 78,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Manav Nagar?

Sri Manav Nagar falls under the Chengleput Joint I Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of the transaction, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. This ensures transparency in the transaction process and helps in maintaining a standard across property dealings in the region.

Frequently asked questions

What is the current guideline value of Sri Manav Nagar?

The current guideline value of Sri Manav Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 875 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. The value was Rs 586 per sq.ft in 2017.

What are the stamp duty and registration fees for property in Sri Manav Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 61,250 and the registration fee is Rs 17,500, totaling Rs 78,750.

Which Sub Registrar Office covers Sri Manav Nagar?

Sri Manav Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Sri Manav Nagar?

Sri Manav Nagar is classified as Mixed Type - III land, which indicates the type of usage permitted in the area.