Guideline Value for MEENJUR ADHISAYAM

Meenjur Adhisayam guideline value

The current guideline value for Meenjur Adhisayam is Rs 880 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Ariyanvoyal village under the Ponneri SRO, classified as Residential Class I Type - II.

How the guideline value of Meenjur Adhisayam has changed

In the 2017 revision, the guideline value was Rs 800 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value increased to Rs 800 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 880 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value increased by 10%.

The register has no figure for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and the current 2024 value.

Guideline values in Ariyanvoyal

Ariyanvoyal village features 26 streets under the Ponneri SRO, with guideline values ranging from Rs 330 to Rs 880 per sq.ft in 2024. The median value for these streets is Rs 330 per sq.ft, indicating that Meenjur Adhisayam's 2024 figure is above this median.

• Kuppu Swami Reddy Kudiyeruru Road: Rs 330 per sq.ft (2024)
• K.R.K. Nagar: Rs 330 per sq.ft (2024)
• Kattur Road: Rs 330 per sq.ft (2024)
• Pream Nagar: Rs 440 per sq.ft (2024)
• Jegan Nagra: Rs 330 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Meenjur Adhisayam

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total cost of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meenjur Adhisayam?

The Sub Registrar Office that covers Meenjur Adhisayam is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Ariyanvoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Meenjur Adhisayam?

The current guideline value for Meenjur Adhisayam is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 800 per sq.ft to Rs 880 per sq.ft in 2024, reflecting a 10% increase overall.

What is the land classification for Meenjur Adhisayam?

Meenjur Adhisayam is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Meenjur Adhisayam?

The Ponneri Sub Registrar Office, which covers Meenjur Adhisayam, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the total fees would amount to Rs 79,200.