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Guideline Value

Corporate

Guideline Value for Sri Manigandan Nagar 1st Street

₹1200/sq.ft.

The guideline value for Sri Manigandan Nagar 1st Street in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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 Manigandan Nagar 1st Street

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Sri Manigandan Nagar 1st Street guideline value

The current guideline value of Sri Manigandan Nagar 1st Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Manigandan Nagar 1st Street has changed

The guideline value for Sri Manigandan Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,100 per sq.ft in the 2023 revision, and has now been revised to Rs 1,200 per sq.ft in 2024, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the 2024 figure for Sri Manigandan Nagar 1st Street.

Stamp duty and registration fee for property in Sri Manigandan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Manigandan Nagar 1st Street?

The Sub Registrar Office that covers Sri Manigandan Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Venkatapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it influences the overall cost of the transaction. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact their financial planning.

Frequently asked questions

What is the current guideline value of Sri Manigandan Nagar 1st Street?

The current guideline value of Sri Manigandan Nagar 1st Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What are the other streets with the same guideline value in Venkatapuram?

Other streets in Venkatapuram with the same guideline value of Rs 1,200 per sq.ft include Sri Manigandan Nagar 1st Cross Street, Sri Manigandan Nagar 2nd Street, Sri Manigandan Nagar, Sri Lakshmi Nagar 3rd Street, Sri Lakshmi Nagar 2nd main Road, and Sri Lakshmi Nagar 2nd Cross Street.

What is the registration fee for properties in Sri Manigandan Nagar 1st Street?

The registration fee for properties in Sri Manigandan Nagar 1st Street is 2% of the guideline value, along with a stamp duty of 7% based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Sri Manigandan Nagar 1st Street?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Sri Manigandan Nagar 1st Street.