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Guideline Value

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Guideline Value for SV NAGAR, GANGAIAMMAN NAGAR

₹226/sq.ft.

The guideline value for Sv Nagar, Gangaiamman Nagar in Kizhnallathur & Melnallathur village (Manavalanagar SRO, Chennai zone) is Rs 226 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kizhnallathur & Melnallathur

Village

Manavalanagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹226 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /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)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sv Nagar, Gangaiamman Nagar

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Sv Nagar, Gangaiamman Nagar guideline value

The current guideline value for Sv Nagar, Gangaiamman Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area falls under Kizhnallathur & Melnallathur village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this location is the Manavalanagar SRO.

How the guideline value of Sv Nagar, Gangaiamman Nagar has changed

In the 2012 revision, the guideline value was Rs 225 per sq.ft. This figure saw a decrease of 33% to Rs 151 per sq.ft in the 2017 revision. The value then increased by 50% to Rs 226 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is 0%. The values from the 2023 to 2024 revision have remained the same at Rs 226 per sq.ft, indicating stability in the guideline value during this period.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 1,201 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sv Nagar, Gangaiamman Nagar is below this median.

Stamp duty and registration fee for property in Sv Nagar, Gangaiamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 226 per sq.ft, the guideline value would be Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total to Rs 20,340. Please note that 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 details.

Which Sub Registrar Office covers Sv Nagar, Gangaiamman Nagar?

The Sub Registrar Office that covers Sv Nagar, Gangaiamman Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is an essential factor during the registration of property transactions in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sv Nagar, Gangaiamman Nagar?

The current guideline value of Sv Nagar, Gangaiamman Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, with a decrease to Rs 151 per sq.ft in 2017, followed by an increase back to Rs 226 per sq.ft in 2023 and remaining the same in 2024.

What is the classification of the land in Sv Nagar, Gangaiamman Nagar?

The land classification for Sv Nagar, Gangaiamman Nagar is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, while the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,26,000 would incur a total fee of Rs 20,340.

Where can I find the Sub Registrar Office for Sv Nagar, Gangaiamman Nagar?

The Sub Registrar Office for Sv Nagar, Gangaiamman Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.