Guideline Value

Corporate

Guideline Value for MEENAKSHI NAGAR

₹200/sq.ft.

The guideline value for Meenakshi Nagar in Eagattur village (Manavalanagar SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Eagattur

Village

Manavalanagar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Nagar

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Meenakshi Nagar guideline value

The current guideline value of Meenakshi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Eagattur village and falls under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Meenakshi Nagar has changed

The guideline value for Meenakshi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. This was a decrease of 33%. From 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, indicating stability in this period.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 330 per sq.ft, with a median of Rs 190 per sq.ft. Meenakshi Nagar's 2024 figure of Rs 200 per sq.ft is above this median.

Stamp duty and registration fee for property in Meenakshi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, totaling Rs 14,000, while the registration fee is 2%, amounting to Rs 4,000. Together, these fees come to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Eagattur, as it determines the amount of stamp duty and registration fees payable. This value is set by the government and is used to assess the market value of the property for registration purposes.

When a property is sold, the buyer must pay the 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 in the area.

Frequently asked questions

What is the current guideline value of Meenakshi Nagar?

The current guideline value of Meenakshi Nagar is Rs 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, with significant changes noted between these revisions.

What are the other streets in Eagattur with their guideline values?

Other streets in Eagattur include New Kamaraj Nagar at Rs 200 per sq.ft, Nirmal Nagar at Rs 190 per sq.ft, Om Sakthi Nagar at Rs 154 per sq.ft, Palani Nagar at Rs 190 per sq.ft, Palayam Nagar at Rs 154 per sq.ft, and Sree Kamatchi Nagar at Rs 170 per sq.ft.

What fees are associated with buying property in Meenakshi Nagar?

When buying property in Meenakshi Nagar, the buyer must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Meenakshi Nagar?

The Sub Registrar Office for Meenakshi Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.