Guideline Value

Corporate

Guideline Value for MEENAKSHI NAGAR

₹200/sq.ft.

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

Last updated:

Chennai

Zone

Podaturpet

Village

Pallipattu

SRO

Residential Class II 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 N/A
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)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[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, located in Podaturpet village under the Pallipattu SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II 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 2017 revision recorded a guideline value of Rs 134 per sq.ft. This figure increased to Rs 200 per sq.ft in the 2023 revision, reflecting a 49% rise. The current 2024 revision maintains the same value of Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Meenakshi Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Meenakshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Meenakshi Nagar?

The Sub Registrar Office that covers Meenakshi Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Podaturpet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

When buying or selling property, the guideline value helps determine the official value of the property, which can influence the overall costs involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

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 increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

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

Other streets in Podaturpet include Mettu Street at Rs 202 per sq.ft, Mangalam Kezhar Street at Rs 250 per sq.ft, Malepothatur Reddy Street at Rs 126 per sq.ft, Madam Street at Rs 202 per sq.ft, Nadu Street at Rs 250 per sq.ft, and Nagallamman Koil Street at Rs 250 per sq.ft.

What fees are associated with property transactions in Meenakshi Nagar?

When transacting property in Meenakshi Nagar, the stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles the registration of properties in Meenakshi Nagar?

The registration of properties in Meenakshi Nagar is handled by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.