Guideline Value

Corporate

Guideline Value for MEETPAR NAGAR

₹1100/sq.ft.

The guideline value for Meetpar Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹65 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹56 /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 Meetpar Nagar

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Meetpar Nagar guideline value

The current guideline value of Meetpar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - III.

How the guideline value of Meetpar Nagar has changed

The guideline value for Meetpar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 56 per sq.ft, which increased to Rs 65 per sq.ft in 2003. Following this, there was a substantial rise to Rs 500 per sq.ft in 2007, marking an increase of 669%. The value further increased to Rs 1,000 per sq.ft in 2012, reflecting a 100% rise from the previous revision. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The guideline value then rose again to Rs 1,000 per sq.ft in 2023, and finally, it reached Rs 1,100 per sq.ft in the 2024 revision, an increase of 10% from the previous year.

There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft, with a median value of Rs 1,660 per sq.ft. The guideline value of Meetpar Nagar is below this median.

Stamp duty and registration fee for property in Meetpar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, together amounting to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meetpar Nagar?

The Sub Registrar Office that covers Meetpar 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 for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vanagaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is bought or sold, the guideline value helps determine the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property as per the local regulations.

Frequently asked questions

What is the current guideline value of Meetpar Nagar?

The current guideline value of Meetpar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 56 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 1864% over the years.

What is the land classification for Meetpar Nagar?

Meetpar Nagar is classified as Residential Class IV Type - III according to the local land classification regulations.

What are the stamp duty and registration fees for property in Meetpar Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, for a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Which office handles the registration for Meetpar Nagar?

The Chennai South Joint I Sub Registrar Office handles the registration for Meetpar Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.