Guideline Value

Corporate

Guideline Value for MEENAKSHI NAGAR

₹330/sq.ft.

The guideline value for Meenakshi Nagar in Vichoor_b village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor_b

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 330 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village under the Thiruvottiyur SRO and is classified as Residential Class I Type - III.

How the guideline value of Meenakshi Nagar has changed

The guideline value for Meenakshi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 330 per sq.ft, an increase from Rs 300 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 201 per sq.ft, which indicates a significant increase of +49% when compared to the 2023 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by +64%. This progression highlights the changes in property valuation over the years, reflecting the latest figures available.

Guideline values in Vichoor_B

In Vichoor_B village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, placing Meenakshi Nagar's 2024 figure below that 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total charges Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Meenakshi Nagar?

The Sub Registrar Office covering Meenakshi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering property transactions in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When buying or selling property, the guideline value helps in assessing the legal and financial aspects of the transaction. It is crucial for both parties to understand this value as it influences the overall costs associated with property registration.

Frequently asked questions

What is the current guideline value of Meenakshi Nagar?

The current guideline value of Meenakshi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024, indicating an overall increase of +64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Meenakshi Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, leading to a total of Rs 29,700.

Which office handles property registrations in Meenakshi Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations in Meenakshi Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for both buyers and sellers to understand the financial implications of the sale.