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Guideline Value

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Guideline Value for MEENAKSHI AMMAN NAGAR - Avvai Street

₹2200/sq.ft.

The guideline value for Meenakshi Amman Nagar - Avvai Street 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 ₹216 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹196 /sq.ft.
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 - Avvai Street

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MEENAKSHI AMMAN NAGAR - Avvai Street guideline value

The current guideline value for MEENAKSHI AMMAN NAGAR - Avvai Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of MEENAKSHI AMMAN NAGAR - Avvai Street has changed

The guideline value for MEENAKSHI AMMAN NAGAR - Avvai Street has undergone several revisions over the years. In 2002, the guideline value was Rs 196 per sq.ft, which increased to Rs 216 per sq.ft in 2003. The value saw a significant rise to Rs 350 per sq.ft in 2007, followed by a dramatic increase to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft.

Between these revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 471% increase from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 1,022%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for MEENAKSHI AMMAN NAGAR - Avvai Street.

Stamp duty and registration fee for property in MEENAKSHI AMMAN NAGAR - Avvai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MEENAKSHI AMMAN NAGAR - Avvai Street?

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR - Avvai Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Nerkundram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a benchmark for the minimum price at which a property can be registered.

When selling property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the official rates set by the government. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for MEENAKSHI AMMAN NAGAR - Avvai Street?

The current guideline value for MEENAKSHI AMMAN NAGAR - Avvai Street 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 significantly, from Rs 196 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,022%.

What is the registration office for MEENAKSHI AMMAN NAGAR - Avvai Street?

The registration office for MEENAKSHI AMMAN NAGAR - Avvai Street 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 based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 at the current guideline value.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram with the same guideline value of Rs 2,200 per sq.ft include Anna Street, Gandhi Street, Annai Sathya Street, Giri Street, Anjugam Street, and Kamaraja High Road.