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Guideline Value

Corporate

Guideline Value for Meenakshi Ist Street

₹4400/sq.ft.

The guideline value for Meenakshi Ist Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Meenakshi Ist Street

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Meenakshi Ist Street guideline value

The current guideline value of Meenakshi Ist Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Meenakshi Ist Street has changed

The guideline value for Meenakshi Ist Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,000 per sq.ft. In 2017, this value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 4,000 per sq.ft in 2023, and further rose by 10% to the current rate of Rs 4,400 per sq.ft in 2024.

Between the revisions, the value saw a notable increase from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023, which is a rise of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Meenakshi Ist Street's 2024 figure above this median.

Stamp duty and registration fee for property in Meenakshi Ist Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Meenakshi Ist Street?

The Sub Registrar Office that covers Meenakshi Ist Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring a standardized valuation across the region.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process ensures that the government receives appropriate revenue from property transactions while maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Meenakshi Ist Street?

The current guideline value of Meenakshi Ist Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft in 2024.

What is the land classification for Meenakshi Ist Street?

Meenakshi Ist Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Meenakshi Ist Street?

The Sub Registrar Office for Meenakshi Ist Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.