Guideline Value for Meenakshi Koil Street

Meenakshi Koil Street guideline value

The current guideline value of Meenakshi Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Meenakshi Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which brought the value down to Rs 536 per sq.ft. The value then increased significantly by 87% to reach Rs 1,000 per sq.ft in the 2023 revision. The current 2024 revision has the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Meenakshi Koil Street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this area is Rs 1,003 per sq.ft, placing Meenakshi Koil Street's 2024 figure slightly below that median.

• Meenakshi School Road (Gnana Moorthy Nagar): Rs 1,700 per sq.ft (2024)
• Menambedu T.B. Colony: Rs 1,300 per sq.ft (2024)
• Mariyamman Koil Street: Rs 1,001 per sq.ft (2024)
• Maga Ganapathy Street: Rs 1,001 per sq.ft (2024)
• Munusamy Koil Street: Rs 1,002 per sq.ft (2024)
• Madhavi Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Meenakshi Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost for these fees to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Meenakshi Koil Street?

The Sub Registrar Office that covers Meenakshi Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Menambedu. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally compliant.

When a property is sold, the guideline value serves as a reference point for the transaction price. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Meenakshi Koil Street?

The current guideline value of Meenakshi Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Meenakshi Koil Street has seen several revisions: Rs 800 per sq.ft in 2012, Rs 536 per sq.ft in 2017, Rs 1,000 per sq.ft in 2023, and Rs 1,001 per sq.ft in 2024.

What is the land classification for Meenakshi Koil Street?

Meenakshi Koil Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Meenakshi Koil Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Meenakshi Koil Street?

Stamp duty for properties in Meenakshi Koil Street is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.