Guideline Value

Corporate

Guideline Value for MEENAKSHI STREET

₹3520/sq.ft.

The guideline value for Meenakshi Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹458 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹397 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Street

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Meenakshi Street guideline value

The current guideline value of Meenakshi Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Meenakshi Street has changed

The guideline value for Meenakshi Street has undergone several revisions over the years. In 2002, the value was Rs 397 per sq.ft, which increased to Rs 458 per sq.ft in 2003, marking a 15% rise. The value then saw a significant increase to Rs 700 per sq.ft in 2007, representing a 53% change. By 2012, the value adjusted to Rs 3,200 per sq.ft, reflecting a notable increase of 357%. The 2017 revision recorded the value at Rs 2,144 per sq.ft, which was a decrease of 33%. In 2023, the value increased to Rs 3,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,520 per sq.ft, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 787%. The register does not have figures for revisions in years other than those specified.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Meenakshi Street's 2024 figure below that median.

Stamp duty and registration fee for property in Meenakshi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty, charged at 7%, would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Meenakshi Street?

The Sub Registrar Office that covers Meenakshi Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 Street?

The current guideline value of Meenakshi Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 397 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 787% over the years.

What are the other streets in Ekkaduthangal?

Other streets in Ekkaduthangal include Mettu Street, Mancholai St, Mancholai 3rd St, Mancholai 2nd Main Rd, Mancholai 1st Main Rd, and Munusamy Reddy Street, with varying guideline values.

What is the stamp duty rate for properties in Meenakshi Street?

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

Where is the Sub Registrar Office for Meenakshi Street located?

The Sub Registrar Office for Meenakshi Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.