Guideline Value for Meenakshi 1st Cross Street

Meenakshi 1st Cross Street guideline value

The current guideline value of Meenakshi 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Meenakshi 1st Cross Street has changed

Looking at the revisions, the guideline value for Meenakshi 1st Cross Street was Rs 2,500 per sq.ft in 2012. This figure remained unchanged through to the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value. The values range from Rs 1,900 to Rs 4,000 per sq.ft, with the median being Rs 2,700 per sq.ft. Meenakshi 1st Cross Street's 2024 figure is equal to this median.

• Meenakshi Amman Koil Street (Teacher's Colony): Rs 2,700 per sq.ft (2024)
• Meenakshi Street: Rs 2,200 per sq.ft (2024)
• Meenambal Salai: Rs 3,301 per sq.ft (2024)
• Meenambal Salai (Abirami Avenue): Rs 3,301 per sq.ft (2024)
• Meenambal Salai Ambedkar 1st Street: Rs 3,301 per sq.ft (2024)
• Meenambal Salai Ambedkar 2nd Street: Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Meenakshi 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,00,000. The stamp duty at 7% amounts to Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000. 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 1st Cross Street?

The Sub Registrar Office that covers Meenakshi 1st Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kodungaiyur, the guideline value influences the stamp duty and registration fees that must be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Meenakshi 1st Cross Street?

The current guideline value of Meenakshi 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall rise of 8%.

What is the land classification for Meenakshi 1st Cross Street?

Meenakshi 1st Cross Street is classified as Residential Class I Type - I.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,43,000, based on the current guideline value.

Where can I find the Sub Registrar Office for Meenakshi 1st Cross Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers Meenakshi 1st Cross Street.