Guideline Value for MEENAKSHI AMMAN NAGAR - Sannadhi Street

MEENAKSHI AMMAN NAGAR - Sannadhi Street guideline value

The current guideline value for MEENAKSHI AMMAN NAGAR - Sannadhi 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 - Sannadhi Street has changed

Over the years, the guideline value for MEENAKSHI AMMAN NAGAR - Sannadhi Street has seen several revisions. 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 jumped significantly to Rs 350 per sq.ft in 2007, which was a 62% increase. Following that, the guideline value surged to Rs 2,000 per sq.ft in 2012, reflecting a substantial 471% increase. However, it saw a decrease to Rs 1,340 per sq.ft in 2017, which was a 33% drop. The value then rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

The overall change from 2002 to 2024 shows a remarkable increase of 1,022%. The register does not have figures for the years between 2017 and 2023 for this street.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values 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 the same as the current value for MEENAKSHI AMMAN NAGAR - Sannadhi Street.

• MEENAKSHI AMMAN NAGAR - Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• MEENAKSHI AMMAN NAGAR - Subash Street: Rs 2,200 per sq.ft (2024)
• MEENAKSHI AMMAN NAGAR - N.S.K. Street: Rs 2,200 per sq.ft (2024)
• MEENAKSHI AMMAN NAGAR - Tirumalai Street: Rs 2,200 per sq.ft (2024)
• MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road: Rs 2,200 per sq.ft (2024)
• MEENAKSHI AMMAN NAGAR - Tiruvalluvar Salai: Rs 2,200 per sq.ft (2024)

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

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR - Sannadhi 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 is a crucial factor when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

Frequently asked questions

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

The current guideline value for MEENAKSHI AMMAN NAGAR - Sannadhi 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 196 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing a total increase of 1,022% over this period.

What is the registration office for this street?

The registration office for MEENAKSHI AMMAN NAGAR - Sannadhi 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. 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%.

What other streets have the same guideline value in Nerkundram?

Other streets in Nerkundram that share the same guideline value of Rs 2,200 per sq.ft include MEENAKSHI AMMAN NAGAR - Pillaiyar Koil Street, MEENAKSHI AMMAN NAGAR - Subash Street, MEENAKSHI AMMAN NAGAR - N.S.K. Street, MEENAKSHI AMMAN NAGAR - Tirumalai Street, MEENAKSHI AMMAN NAGAR - Mettukuppam Main Road, and MEENAKSHI AMMAN NAGAR - Tiruvalluvar Salai.