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Guideline Value

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Guideline Value for MEENAKSHI AMMAN NAGAR - Giri Street

₹2200/sq.ft.

The guideline value for Meenakshi Amman Nagar - Giri 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 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 - Giri Street

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MEENAKSHI AMMAN NAGAR - Giri Street guideline value

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

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

The guideline value for MEENAKSHI AMMAN NAGAR - Giri Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 350 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 471%. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Notably, there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 529%.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of MEENAKSHI AMMAN NAGAR - Giri Street.

Stamp duty and registration fee for property in MEENAKSHI AMMAN NAGAR - Giri 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, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR - Giri 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 more details.

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

The guideline value plays a crucial role in property transactions in Nerkundram, as it serves as a reference point for determining the stamp duty and registration fees. When buying or selling property, the guideline value is considered to ensure that the transaction is registered at an appropriate value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall costs involved in the property transaction. This value is updated periodically, reflecting changes in the market and local regulations.

Frequently asked questions

What is the current guideline value of MEENAKSHI AMMAN NAGAR - Giri Street?

The current guideline value of MEENAKSHI AMMAN NAGAR - Giri 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 from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What is the land classification for MEENAKSHI AMMAN NAGAR - Giri Street?

MEENAKSHI AMMAN NAGAR - Giri Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

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