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Guideline Value for MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street

₹2200/sq.ft.

The guideline value for Meenakshi Amman Nagar - K.v.k.samy 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 - K.v.k.samy Street

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MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street guideline value

The current guideline value for MEENAKSHI AMMAN NAGAR - K.V.K.Samy 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 - K.V.K.Samy Street has changed

The guideline value for MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street has seen several revisions over the years. Starting from Rs 196 per sq.ft in 2002, it increased to Rs 216 per sq.ft in 2003, marking a 10% rise. The value then surged significantly to Rs 350 per sq.ft in 2007, an increase of 62%. By 2012, the guideline value was Rs 2,000 per sq.ft, reflecting a substantial increase of 471% from the previous revision. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%.

In the subsequent revisions, the value rose to Rs 2,000 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year. The overall change from 2002 to 2024 shows an increase of 1022% in the guideline value for this street.

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

Stamp duty and registration fee for property in MEENAKSHI AMMAN NAGAR - K.V.K.Samy 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, totaling Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street?

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR - K.V.K.Samy 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 information.

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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process. It is essential to check the current guideline value to ensure accurate calculations of these fees.

Additionally, the guideline value serves as a benchmark for property transactions, helping both buyers and sellers understand the value of properties in the area. It is advisable to consult the latest guideline values to make informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street?

The current guideline value for MEENAKSHI AMMAN NAGAR - K.V.K.Samy 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, showing an overall increase of 1022% over the years.

What is the land classification for MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street?

MEENAKSHI AMMAN NAGAR - K.V.K.Samy Street is classified as Residential Class IV Type - I.

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.