Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for M.E. NAGAR (S.NO.179/1.2)

₹200/sq.ft.

The guideline value for M.e. Nagar (s.no.179/1.2) in Venmanamputhur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venmanamputhur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /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.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 M.e. Nagar (s.no.179/1.2)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.E. Nagar (S.No.179/1.2) guideline value

The current guideline value for M.E. Nagar (S.No.179/1.2) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of M.E. Nagar (S.No.179/1.2) has changed

The guideline value for M.E. Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained the same, reflecting stability in the pricing for this location.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. M.E. Nagar's guideline value of Rs 200 per sq.ft is equal to this median.

Stamp duty and registration fee for property in M.E. Nagar (S.No.179/1.2)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would amount to Rs 2,00,000. The stamp duty, calculated at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers M.E. Nagar (S.No.179/1.2)?

The Sub Registrar Office covering M.E. Nagar (S.No.179/1.2) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Venmanamputhur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in the property transaction process, as all parties are aware of the minimum value set by the authorities.

Frequently asked questions

What is the current guideline value of M.E. Nagar?

The current guideline value of M.E. Nagar (S.No.179/1.2) is Rs 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and has remained at Rs 200 per sq.ft in the 2024 revision.

What is the land classification for M.E. Nagar?

The land classification for M.E. Nagar (S.No.179/1.2) is Residential Class II Type - II, indicating its suitability for residential development.

What is the stamp duty for property in M.E. Nagar?

The stamp duty for property in M.E. Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 14,000.

Where is the Sub Registrar Office for M.E. Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, covering M.E. Nagar (S.No.179/1.2).