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Guideline Value

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Guideline Value for MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road

₹2200/sq.ft.

The guideline value for Meenakshi Amman Nagar - Mettukuppam Main 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 ₹243 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹220 /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 - Mettukuppam Main Road

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MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road guideline value

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

How the guideline value of MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road has changed

The guideline value for this street has undergone several revisions over the years. Starting from Rs 220 per sq.ft in 2002, it increased to Rs 243 per sq.ft in 2003. The value saw a significant rise to Rs 350 per sq.ft in 2007, followed by a substantial jump to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in the 2024 revision.

Between the revisions, the most notable changes include a 471% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The overall increase from the 2002 figure to the current 2024 figure is 900%. The register has no figure for this street for the years not mentioned above.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values 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 - Mettukuppam Main Road.

Stamp duty and registration fee for property in MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road?

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR - Mettukuppam Main 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 plays a crucial role during the registration process of property transactions in Nerkundram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as per the guideline value register.

Frequently asked questions

What is the current guideline value for MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road?

The current guideline value for MEENAKSHI AMMAN NAGAR - Mettukuppam Main 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 220 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including a decrease and subsequent increases.

What is the land classification for MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road?

MEENAKSHI AMMAN NAGAR - Mettukuppam Main 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 - Mettukuppam Main Road 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 of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.