Guideline Value for White Field

White Field guideline value

The current guideline value of White Field, located in Mannivakkam village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of White Field has changed

Looking at the historical revisions, the guideline value for White Field has seen significant changes over the years. In 2007, the guideline value was Rs 459 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft from the 2024 revision. Notably, the register has no figure for this street in 2002 and 2003.

The changes between these revisions highlight a 188% increase from 2007 to 2024. The most notable increase occurred from 2012 to 2017, where the value decreased by 33%. Subsequently, there was a significant rise of 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024.

Guideline values in Mannivakkam

Mannivakkam village has 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, positioning White Field's 2024 figure above this median.

• Vijay Ganapathy Nagar Extension: Rs 1,320 per sq.ft (2024)
• Vijay Ganapathy Nagar: Rs 990 per sq.ft (2024)
• Vigneswarapuram: Rs 990 per sq.ft (2024)
• Venkataduraivan Nagar: Rs 990 per sq.ft (2024)
• Valajabad Road: Rs 1,650 per sq.ft (2024)
• Tvh Titanium Cty: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in White Field

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, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It's important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers White Field?

The Sub Registrar Office that covers White Field is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mannivakkam. It is used to determine the stamp duty and registration fees during the sale or purchase of a property. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of White Field?

The current guideline value of White Field is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased by 188%, from Rs 459 per sq.ft to Rs 1,320 per sq.ft in 2024. There have been fluctuations, including a decrease from 2012 to 2017.

What is the median guideline value in Mannivakkam?

The median guideline value for streets in Mannivakkam is Rs 1,215 per sq.ft, with White Field's current value being above this median.

What are the stamp duty and registration fees for a property in White Field?

For a property valued at Rs 13,20,000, the stamp duty is Rs 92,400 and the registration fee is Rs 26,400, totaling Rs 1,18,800. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations in White Field?

The Gooduvancheri Sub Registrar Office handles property registrations in White Field, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.