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Guideline Value

Corporate

Guideline Value for MEENAKSHI AMMAN NAGAR (Kamaraja High Road)

₹2200/sq.ft.

The guideline value for Meenakshi Amman Nagar (kamaraja High Road) in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Meenakshi Amman Nagar (kamaraja High Road)

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MEENAKSHI AMMAN NAGAR (Kamaraja High Road) guideline value

The current guideline value of MEENAKSHI AMMAN NAGAR (Kamaraja High Road) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of MEENAKSHI AMMAN NAGAR (Kamaraja High Road) has changed

The guideline value for MEENAKSHI AMMAN NAGAR has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which rose significantly to Rs 2,000 per sq.ft by 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value increased again to Rs 2,000 per sq.ft in 2023, before reaching the current rate of Rs 2,200 per sq.ft in 2024.

Notably, the changes between the revisions indicate a +471% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and finally, a +10% rise from 2023 to 2024. The overall increase from 2007 to 2024 is +529%. The register has no figures for the years 2002 and 2003.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for MEENAKSHI AMMAN NAGAR.

Stamp duty and registration fee for property in MEENAKSHI AMMAN NAGAR (Kamaraja High Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MEENAKSHI AMMAN NAGAR (Kamaraja High Road)?

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR (Kamaraja High Road) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It helps in establishing a fair price for the transaction and is essential for completing the legal registration process.

Frequently asked questions

What is the current guideline value of MEENAKSHI AMMAN NAGAR?

The current guideline value of MEENAKSHI AMMAN NAGAR (Kamaraja High Road) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of +529% over the years.

What is the land classification of MEENAKSHI AMMAN NAGAR?

MEENAKSHI AMMAN NAGAR (Kamaraja High Road) is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for MEENAKSHI AMMAN NAGAR is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in MEENAKSHI AMMAN NAGAR?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.