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Guideline Value

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Guideline Value for SRI SAI NAGAR EXTENSION-I

₹4110/sq.ft.

The guideline value for Sri Sai Nagar Extension-i in Mannivakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 4110 per sq.ft, effective 1 July 2024. It was Rs 3732 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mannivakkam

Village

Gooduvancheri

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹4110 /sq.ft.
From 1-4-2023 ₹3732 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2500 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sai Nagar Extension-i

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Sri Sai Nagar Extension-I guideline value

The current guideline value of Sri Sai Nagar Extension-I is Rs 4,110 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Sri Sai Nagar Extension-I has changed

Over the years, the guideline value of Sri Sai Nagar Extension-I has seen significant changes. The 2017 revision set the value at Rs 2,500 per sq.ft. This increased to Rs 3,732 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 4,110 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft, with a median value of Rs 1,215 per sq.ft. The guideline value of Sri Sai Nagar Extension-I is above this median.

Stamp duty and registration fee for property in Sri Sai Nagar Extension-I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,110 per sq.ft, the total guideline value amounts to Rs 41,10,000. The stamp duty at 7% would be Rs 2,87,700, and the registration fee at 2% would be Rs 82,200, bringing the total cost for these fees to Rs 3,69,900. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sai Nagar Extension-I?

The Sub Registrar Office that covers Sri Sai Nagar Extension-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar Extension-I?

The current guideline value of Sri Sai Nagar Extension-I is Rs 4,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision of Rs 2,500 per sq.ft to the 2024 revision of Rs 4,110 per sq.ft, the guideline value has increased by 64%. The most recent change from 2023 to 2024 is a 10% increase.

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

For a property valued at Rs 41,10,000, the stamp duty at 7% would be Rs 2,87,700, and the registration fee at 2% would be Rs 82,200, totaling Rs 3,69,900.

Which office handles property registrations in Mannivakkam?

The Gooduvancheri Sub Registrar Office handles property registrations in Mannivakkam, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

What is the significance of the guideline value in property transactions?

The guideline value is used as a minimum benchmark for registering properties, ensuring that the transaction reflects a fair value. It affects the stamp duty and registration fees that buyers must pay during property transactions.