Guideline Value for Meenakshi Nagar (S.No. 174/1 -6)

Meenakshi Nagar (S.No. 174/1 -6) guideline value

The current guideline value of Meenakshi Nagar (S.No. 174/1 -6) is Rs 2,001 per sq.ft, effective from 1 July 2024. This property is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Meenakshi Nagar (S.No. 174/1 -6) has changed

The guideline value for Meenakshi Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant increase of 49% over the six-year period. The latest revision in 2024 saw the guideline value rise slightly to Rs 2,001 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Meenakshi Nagar's 2024 guideline value of Rs 2,001 per sq.ft is above this median.

• Meenakshi Nagar (Near G.S.T. Road): Rs 3,500 per sq.ft (2024)
• Masoothi Street: Rs 1,500 per sq.ft (2024)
• M.G.R. Nagar: Rs 1,200 per sq.ft (2024)
• M.K. Nagar: Rs 1,500 per sq.ft (2024)
• Moganapriya Nagar: Rs 1,500 per sq.ft (2024)
• Mohanapriya Nagar Extn: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Meenakshi Nagar (S.No. 174/1 -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, making the total cost Rs 1,80,090. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meenakshi Nagar (S.No. 174/1 -6)?

The Sub Registrar Office that covers Meenakshi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process of property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Meenakshi Nagar?

The current guideline value of Meenakshi Nagar (S.No. 174/1 -6) is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, and then to Rs 2,001 per sq.ft in 2024. Overall, this represents a 49% increase from 2017 to 2024.

What is the land classification of Meenakshi Nagar?

Meenakshi Nagar is classified as Residential Special Type - II. This classification affects the guideline value and the type of developments allowed in the area.

Where can I find the registration office for Meenakshi Nagar?

The registration office for Meenakshi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Meenakshi Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070.