Guideline Value for MERIDIAN

Meridian guideline value

The current guideline value for Meridian in Nalambakkam village is Rs 1,300 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Meridian has changed

The guideline value for Meridian has been consistent since the 2023 revision, which is Rs 1,300 per sq.ft. The register does not provide figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

Since there have been no changes between the revisions mentioned, the guideline value has remained stable. The only available figure is from the 2023 revision, which indicates a lack of historical data for this specific street.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Meridian is one of the streets under the Gooduvancheri SRO. There are no other streets in Nalambakkam listed with guideline values.

Stamp duty and registration fee for property in Meridian

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meridian?

The Meridian area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Nalambakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

The guideline value helps to determine the minimum price at which a property can be registered. Buyers and sellers must be aware of this value, as it impacts the overall cost of the transaction, including additional fees associated with the registration process.

Frequently asked questions

What is the current guideline value for Meridian?

The current guideline value for Meridian in Nalambakkam village is Rs 1,300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Meridian has remained unchanged since the 2023 revision. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

What is the classification of land in Meridian?

Meridian is classified as Residential Special Type - II, indicating its designated use for residential purposes.

How is stamp duty calculated for properties in Meridian?

Stamp duty for properties in Meridian is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,17,000.

Where can I find the Sub Registrar Office for Meridian?

The Gooduvancheri Sub Registrar Office covers Meridian and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.