Guideline Value for Meenakshi Amman Nagar

Meenakshi Amman Nagar guideline value

The current guideline value of Meenakshi Amman Nagar is Rs 600 per sq.ft. This area is located in Irunkattukottai_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Meenakshi Amman Nagar has changed

The guideline value for Meenakshi Amman Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, the same as in 2023. Prior to that, the 2017 revision set the value at Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2017 revision was the first recorded figure for Meenakshi Amman Nagar, and since then, the value has remained stable in the 2023 and 2024 revisions.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Meenakshi Amman Nagar above this median.

• Mecca Nagar: Rs 600 per sq.ft (2024)
• Marvel Shire Nagar: Rs 800 per sq.ft (2024)
• M.G.R.Street: Rs 250 per sq.ft (2024)
• Madhavan Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 500 per sq.ft (2024)
• Nehru Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Meenakshi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Meenakshi Amman Nagar?

The Sub Registrar Office that covers Meenakshi Amman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irunkattukottai_B, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price reflects the guideline value to avoid any discrepancies during the registration process. This helps maintain transparency and compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Meenakshi Amman Nagar?

The current guideline value of Meenakshi Amman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification of Meenakshi Amman Nagar?

Meenakshi Amman Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Meenakshi Amman Nagar?

The Sub Registrar Office for Meenakshi Amman Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the stamp duty would be Rs 42,000.