Guideline Value

Corporate

Guideline Value for MEENAKSHI STREET

₹4400/sq.ft.

The guideline value for Meenakshi Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹304 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /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
044-29510538
[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 in Ramapuram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Special 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 guideline value was Rs 245 per sq.ft. This increased to Rs 304 per sq.ft in 2003, marking a 24% rise. The value then saw a substantial increase of 196% to reach Rs 900 per sq.ft in 2007. Following this, the 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 344% from the previous revision.

In 2017, the guideline value rose significantly to Rs 2,680 per sq.ft, reflecting a 33% decline from 2012. The upward trend continued with the 2023 revision, which set the value at Rs 4,000 per sq.ft, and finally, the most recent 2024 revision has established the current value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. Meenakshi Street's 2024 guideline value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Meenakshi Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meenakshi Street?

The Sub Registrar Office that covers Meenakshi Street is the Chennai South Joint II 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 information.

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

The guideline value plays a crucial role when buying or selling property in Ramapuram. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction reflects the correct guideline value. This helps in maintaining transparency and compliance with local regulations, ensuring a smooth registration process.

Frequently asked questions

What is the current guideline value of Meenakshi Street?

The current guideline value of Meenakshi Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 245 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1696% over the years.

What is the land classification for Meenakshi Street?

Meenakshi Street is classified as Residential Special Type - I under the Chennai South Joint II SRO.

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

Other streets in Ramapuram include Marudam Nagar 2nd Main Road, Marudam Nagar 1st Street, Marudam Nagar 1st Main Road, Marudam Nagar, Mari Street, and Mariamman Koil Street, with guideline values ranging from Rs 2,750 to Rs 3,100 per sq.ft.

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

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.