Guideline Value

Corporate

Guideline Value for Sri Manigandan Nagar

₹1200/sq.ft.

The guideline value for Sri Manigandan Nagar 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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹54 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹39 /sq.ft.
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

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Sri Manigandan Nagar guideline value

The current guideline value of Sri Manigandan Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Manigandan Nagar has changed

The guideline value for Sri Manigandan Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 39 per sq.ft, which increased to Rs 54 per sq.ft in 2003. Following this, there was a significant rise to Rs 300 per sq.ft in 2007. The value then saw a remarkable increase to Rs 1,100 per sq.ft in 2012, before dropping to Rs 737 per sq.ft in 2017. The 2023 revision brought it back up to Rs 1,100 per sq.ft, and the current revision in 2024 has set it at Rs 1,200 per sq.ft.

In terms of percentage changes, the guideline value increased by 9% from 2023 to 2024. From 2017 to 2023, it saw a rise of 49%. The revision from 2012 to 2017 reflected a decrease of 33%, while the jump from 2007 to 2012 was an increase of 267%. The value rose dramatically by 456% from 2003 to 2007, and from 2002 to 2003, it increased by 38%. Overall, from 2002 to 2024, the guideline value has surged by 2,977%.

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, with the median value being Rs 1,200 per sq.ft. The guideline value for Sri Manigandan Nagar matches this median.

Stamp duty and registration fee for property in Sri Manigandan Nagar

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 to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Manigandan Nagar?

Sri Manigandan Nagar 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Venkatapuram. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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. This ensures that the registration reflects the true value of the property as recognized by the state authorities.

Frequently asked questions

What is the current guideline value of Sri Manigandan Nagar?

The current guideline value of Sri Manigandan Nagar 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 significantly from Rs 39 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 2,977% over the years.

What is the registration office for Sri Manigandan Nagar?

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

How is stamp duty calculated in Sri Manigandan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 84,000.

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 1st Street, Sri Manigandan Nagar 2nd Street, and several streets in Sri Lakshmi Nagar.