Guideline Value for MEENAKSHI AMMAN NAGR

Meenakshi Amman Nagr guideline value

The current guideline value of Meenakshi Amman Nagr is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Anupampattu village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Meenakshi Amman Nagr has changed

The guideline value for Meenakshi Amman Nagr has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft, which remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, in the 2017 revision, the value increased significantly to Rs 201 per sq.ft, marking a 49% increase from the previous revision in 2012. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same figure was carried into the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 300 per sq.ft.

Guideline values in Anupampattu

Anupampattu village has 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the current guideline value for Meenakshi Amman Nagr.

• Medthina City: Rs 300 per sq.ft (2024)
• Mahaveer Nagar: Rs 300 per sq.ft (2024)
• M R Garden: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Msv Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Meenakshi Amman Nagr

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meenakshi Amman Nagr?

The Sub Registrar Office that covers Meenakshi Amman Nagr is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anupampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Meenakshi Amman Nagr?

The current guideline value of Meenakshi Amman Nagr is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 compared to 2012.

What is the stamp duty rate for property in Meenakshi Amman Nagr?

The stamp duty rate for property in Meenakshi Amman Nagr is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Meenakshi Amman Nagr?

The Ponneri Sub Registrar Office handles property registrations for Meenakshi Amman Nagr, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Where can I find more information about other streets in Anupampattu?

Information about other streets in Anupampattu can be found in the guideline value register, which lists various streets and their respective guideline values.