Guideline Value for MEENAKSHI NAGAR

Meenakshi Nagar guideline value

The current guideline value of Meenakshi Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Maruthuvan Padi village and falls under the Uthiramerur SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Meenakshi Nagar has changed

The guideline value for Meenakshi Nagar has remained consistent in recent years. The register shows that the guideline value was Rs 150 per sq.ft in the 2023 revision and remains the same in the 2024 revision, indicating no change of 0% between these two years. For earlier revisions, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002.

Since the 2023 and 2024 revisions reflect the same guideline value, it is evident that there has been stability in the valuation for this street. The lack of figures in previous revisions suggests that the guideline value has not been established for those years.

Guideline values in Maruthuvan Padi

Currently, there are no specific village figures available for Maruthuvan Padi. The guideline value of Meenakshi Nagar is set at Rs 150 per sq.ft. There are no other streets in Maruthuvan Padi under the Uthiramerur SRO listed.

Stamp duty and registration fee for property in Meenakshi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meenakshi Nagar?

The Sub Registrar Office that covers Meenakshi Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maruthuvan Padi. It is used to calculate the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Meenakshi Nagar?

The current guideline value of Meenakshi Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Meenakshi Nagar has remained at Rs 150 per sq.ft from the 2023 revision to the 2024 revision, showing no change. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty rate in Meenakshi Nagar?

The stamp duty rate in Meenakshi Nagar is 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.

Where is the Uthiramerur SRO located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How do I calculate registration fees in Meenakshi Nagar?

The registration fee in Meenakshi Nagar is charged at 2% of the guideline value. Using the example of a property valued at Rs 1,50,000, the registration fee would be Rs 3,000.