Guideline Value for Chandiran Mesthiri Street

Chandiran Mesthiri Street guideline value

The current guideline value of Chandiran Mesthiri Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Chandiran Mesthiri Street has changed

Over the years, the guideline value of Chandiran Mesthiri Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, this figure increased significantly in the 2023 revision to Rs 1,000 per sq.ft. The latest revision in 2024 maintains this value, reflecting a 0% change from the previous year.

From 2012 to 2017, the guideline value experienced a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 1,000 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this area is Rs 1,003 per sq.ft, placing Chandiran Mesthiri Street's 2024 figure below that median.

• City babu Naidu Street: Rs 1,000 per sq.ft (2024)
• Bharath Nagar Ext.: Rs 1,001 per sq.ft (2024)
• Bharath Nagar: Rs 1,001 per sq.ft (2024)
• Convent Street: Rs 1,000 per sq.ft (2024)
• Bharathiyar Street(Arumuga Nagar): Rs 1,700 per sq.ft (2024)
• Bharathi Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chandiran Mesthiri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chandiran Mesthiri Street?

The Sub Registrar Office that covers Chandiran Mesthiri Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chandiran Mesthiri Street?

The current guideline value of Chandiran Mesthiri Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,00,000. The stamp duty is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Chandiran Mesthiri Street?

The Ambattur Sub Registrar Office handles registrations for Chandiran Mesthiri Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is essential in property transactions as it determines the minimum value for registration and the calculation of applicable fees. It ensures that properties are registered at a fair value, impacting the overall transaction cost.