Guideline Value for Madurai Meenakshipuram (Extn)

Madurai Meenakshipuram (Extn) guideline value

The current guideline value of Madurai Meenakshipuram (Extn) is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is governed by the Gooduvancheri Sub Registrar Office. The land classification for this area is Residential Special Type - II.

How the guideline value of Madurai Meenakshipuram (Extn) has changed

The guideline value for Madurai Meenakshipuram (Extn) has seen several revisions over the years. In the 2007 revision, the value was Rs 490 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 206% increase. However, this value remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, a decrease of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 206%.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. However, the guideline value for Madurai Meenakshipuram (Extn) stands at Rs 1,500 per sq.ft. There are no other streets in Ayyencheri under the Gooduvancheri SRO provided in the available data.

Stamp duty and registration fee for property in Madurai Meenakshipuram (Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is essential to note that the 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 Madurai Meenakshipuram (Extn)?

The Madurai Meenakshipuram (Extn) area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 Ayyencheri

The guideline value plays a crucial role in the registration process for property transactions in Ayyencheri. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted at a standardized value.

It is important to be aware that the guideline value is updated periodically, and these updates can affect the overall cost of property transactions. Buyers and sellers should refer to the latest revisions to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Madurai Meenakshipuram (Extn)?

The current guideline value of Madurai Meenakshipuram (Extn) is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 490 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations in Madurai Meenakshipuram (Extn)?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Madurai Meenakshipuram (Extn), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there other streets in Ayyencheri with guideline values?

No specific figures or other streets in Ayyencheri under the Gooduvancheri SRO have been provided in the available data.