Guideline Value

Corporate

Guideline Value for MEENATCHI NAGAR

₹2750/sq.ft.

The guideline value for Meenatchi Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹109 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹92 /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 Meenatchi Nagar

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Meenatchi Nagar guideline value

The current guideline value of Meenatchi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Meenatchi Nagar has changed

The guideline value for Meenatchi Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 92 per sq.ft, which increased to Rs 109 per sq.ft in 2003. The value saw a significant rise to Rs 500 per sq.ft in 2007, followed by a jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The guideline value then rose to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,750 per sq.ft.

Between these revisions, the most notable changes include a 400% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The overall change from 2002 to 2024 is an increase of 2,889%. There are no figures available for any other revisions for this street.

Guideline values in Pallikaranai

Pallikaranai village has a range of guideline values, with 749 streets under the Chennai South Joint I SRO carrying a 2024 figure between Rs 1,110 and Rs 8,580 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, making the 2024 figure for Meenatchi Nagar above this median.

Stamp duty and registration fee for property in Meenatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. 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 more details.

Which Sub Registrar Office covers Meenatchi Nagar?

The Sub Registrar Office that covers Meenatchi Nagar 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 here.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Meenatchi Nagar?

The current guideline value of Meenatchi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 92 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,889%.

What is the registration office for Meenatchi Nagar?

The registration office for Meenatchi Nagar 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.

How is stamp duty calculated in Meenatchi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.

What are the other streets in Pallikaranai with similar guideline values?

Other streets in Pallikaranai with similar guideline values include Meenatchi Nagar 1st Street and Meenatchi Nagar 2nd Street, both at Rs 2,750 per sq.ft for 2024.