Guideline Value

Corporate

Guideline Value for MEYUR MADARN CITY

₹100/sq.ft.

The guideline value for Meyur Madarn City in Meyur village (Oothukkottai SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Meyur

Village

Oothukkottai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹40 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹60 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Near-government Hospital Uthukottai. 602026
044-27631361
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Meyur Madarn City

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Meyur Madarn City guideline value

The current guideline value of Meyur Madarn City is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Meyur village under the Oothukkottai Sub Registrar Office (SRO), classified as Residential Class III Type - I.

How the guideline value of Meyur Madarn City has changed

The guideline value for Meyur Madarn City has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 60 per sq.ft. This increased to Rs 40 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, which is an increase of 150%. The most recent revision in 2024 maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 67%, reflecting the changes in the real estate landscape of the area.

Guideline values in Meyur

In Meyur village, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is the same as the guideline value for Meyur Madarn City.

Stamp duty and registration fee for property in Meyur Madarn City

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which equals Rs 7,000, and the registration fee is charged at 2%, amounting to Rs 2,000. Therefore, the total cost for stamp duty and registration fees together is Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meyur Madarn City?

The Sub Registrar Office that covers Meyur Madarn City is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Meyur Madarn City. 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 sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Meyur Madarn City?

The current guideline value of Meyur Madarn City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 60 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with significant changes occurring in 2017 and 2023.

What are the stamp duty and registration fees for property in Meyur Madarn City?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 100 per sq.ft, the total fees amount to Rs 9,000.

Which Sub Registrar Office covers Meyur Madarn City?

The Oothukkottai Sub Registrar Office covers Meyur Madarn City, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used to calculate the applicable duties.