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Guideline Value

Corporate

Guideline Value for SRI SHANMUGA NAGAR EXTN

₹1320/sq.ft.

The guideline value for Sri Shanmuga Nagar Extn in Mannivakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mannivakkam

Village

Gooduvancheri

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /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 Shanmuga Nagar Extn

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Sri Shanmuga Nagar Extn guideline value

The current guideline value of Sri Shanmuga Nagar Extn is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Shanmuga Nagar Extn has changed

The guideline value for Sri Shanmuga Nagar Extn has seen significant changes over the years. The 2017 revision set the value at Rs 804 per sq.ft, which then increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has further raised the guideline value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes between the revisions highlight a 49% increase from 2017 to 2023, and a steady rise leading to the current value in 2024.

Guideline values in Mannivakkam

Mannivakkam village has 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value in the village is Rs 1,215 per sq.ft, making the current value of Sri Shanmuga Nagar Extn above this median.

Stamp duty and registration fee for property in Sri Shanmuga Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, together totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Shanmuga Nagar Extn?

The Sri Shanmuga Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 of property transactions in Mannivakkam. It is used to determine the stamp duty and registration fees payable during the sale or purchase of a property.

When registering a property, buyers must pay the stamp duty 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 Shanmuga Nagar Extn?

The current guideline value of Sri Shanmuga Nagar Extn is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets with similar guideline values in Mannivakkam?

Other streets in Mannivakkam, such as Sri Shumuga Nagar 1st Main Road, Sri Shunmuga Nagar, and Sri Varadaman Nagar, also have a guideline value of Rs 1,320 per sq.ft in 2024.

What is the registration fee for property in Sri Shanmuga Nagar Extn?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

Where can I find the Sub Registrar Office for Sri Shanmuga Nagar Extn?

The Sub Registrar Office covering Sri Shanmuga Nagar Extn is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.