Guideline Value for MINJUR NEW TOWN

Minjur New Town guideline value

The current guideline value of Minjur New Town is Rs 120 per sq.ft, effective from 1 July 2024. This area falls under Aandarmadam village and is registered with the Ponneri Sub Registrar Office. The land classification is Residential Class I Type - I.

How the guideline value of Minjur New Town has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision also recorded a guideline value of Rs 120 per sq.ft. The most recent revision in 2024 maintains this figure at Rs 120 per sq.ft, indicating no change from the previous year.

The guideline value for Minjur New Town has remained consistent at Rs 120 per sq.ft from 2023 to 2024, reflecting a 0% change during this period. Therefore, the current guideline value aligns with the previous year's figure.

Guideline values in Aandarmadam

Aandarmadam village has four streets under the Ponneri SRO that carry the same guideline value of Rs 120 per sq.ft for the year 2024. This value is equal to the median for the village streets.

• Asad Nagar Phase-II: Rs 120 per sq.ft (2024)
• Aasath Nagar Shoping Avenue: Rs 120 per sq.ft (2024)
• Aasath Nagar Phase-II: Rs 120 per sq.ft (2024)

Stamp duty and registration fee for property in Minjur New Town

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, resulting in a total of Rs 10,800 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Minjur New Town?

The Sub Registrar Office that covers Minjur New Town 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 Aandarmadam

The guideline value is a critical factor during the registration of property transactions in Aandarmadam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process aligns with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Minjur New Town?

The current guideline value of Minjur New Town is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Minjur New Town has remained at Rs 120 per sq.ft since the 2023 revision, with no changes recorded from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What other streets in Aandarmadam have the same guideline value?

In Aandarmadam, other streets such as Asad Nagar Phase-II, Aasath Nagar Shoping Avenue, and Aasath Nagar Phase-II also have a guideline value of Rs 120 per sq.ft for 2024.

What are the stamp duty and registration fees for a property in Minjur New Town?

For a property valued at Rs 1,20,000, the stamp duty would be Rs 8,400, and the registration fee would be Rs 2,400, totaling Rs 10,800. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Minjur New Town located?

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