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Guideline Value

Corporate

Guideline Value for Sri Kutty Vinayagar Nagar Extension

₹1320/sq.ft.

The guideline value for Sri Kutty Vinayagar Nagar Extension in Manancheri village (Kunrathur SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manancheri

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sri Kutty Vinayagar Nagar Extension

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Sri Kutty Vinayagar Nagar Extension guideline value

The current guideline value of Sri Kutty Vinayagar Nagar Extension is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Manancheri village and falls under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Kutty Vinayagar Nagar Extension has changed

The guideline value for Sri Kutty Vinayagar Nagar Extension has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, the most recent revision in 2024 saw a significant increase to Rs 1,320 per sq.ft, marking a 64% rise from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,400 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Sri Kutty Vinayagar Nagar Extension above this median.

Stamp duty and registration fee for property in Sri Kutty Vinayagar Nagar Extension

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, leading to a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kutty Vinayagar Nagar Extension?

The Sri Kutty Vinayagar Nagar Extension is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Manancheri. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

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

Frequently asked questions

What is the current guideline value of Sri Kutty Vinayagar Nagar Extension?

The current guideline value of Sri Kutty Vinayagar Nagar Extension 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,320 per sq.ft in 2024. This represents a 64% increase from the 2017 revision.

What is the land classification for Sri Kutty Vinayagar Nagar Extension?

Sri Kutty Vinayagar Nagar Extension is classified as Residential Special Type - I.

Where can I find the registration office for properties in this area?

The registration office for properties in Sri Kutty Vinayagar Nagar Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 13,20,000, with stamp duty at 7% and registration fee at 2%.