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Guideline Value

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Guideline Value for Sri Shumuga Nagar 1st Main Road

₹1320/sq.ft.

The guideline value for Sri Shumuga Nagar 1st Main Road 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 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
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 Shumuga Nagar 1st Main Road

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Sri Shumuga Nagar 1st Main Road guideline value

The current guideline value of Sri Shumuga Nagar 1st Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Shumuga Nagar 1st Main Road has changed

The guideline value for Sri Shumuga Nagar 1st Main Road has seen significant changes over the years. In 2007, the guideline value was Rs 250 per sq.ft. This figure increased dramatically to Rs 1,200 per sq.ft in 2012, marking a rise of 380%. However, in 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. Following this, the value rose to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 428%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft, with a median value of Rs 1,215 per sq.ft. The guideline value of Sri Shumuga Nagar 1st Main Road is above this median.

Stamp duty and registration fee for property in Sri Shumuga Nagar 1st Main Road

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, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees 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 Shumuga Nagar 1st Main Road?

The Sub Registrar Office that covers Sri Shumuga Nagar 1st Main Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Shumuga Nagar 1st Main Road?

The current guideline value of Sri Shumuga Nagar 1st Main Road 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 significantly from Rs 250 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 428% over the years.

What is the land classification for Sri Shumuga Nagar 1st Main Road?

The land classification for Sri Shumuga Nagar 1st Main Road is Residential Special Type - III.

Where can I find the registration office for Sri Shumuga Nagar?

The registration office for Sri Shumuga Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,18,800.