Guideline Value

Corporate

Guideline Value for Meenakshi Nagar

₹1100/sq.ft.

The guideline value for Meenakshi Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹66 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹650 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Meenakshi Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Meenakshi Nagar guideline value

The current guideline value of Meenakshi Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Meenakshi Nagar has changed

The guideline value of Meenakshi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 650 per sq.ft. This was followed by a decrease to Rs 66 per sq.ft in 2003. The value increased significantly to Rs 300 per sq.ft in 2007, then rose to Rs 800 per sq.ft in 2012. However, it saw a decline to Rs 536 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, and now it stands at Rs 1,100 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a substantial increase of 87%. The value decreased by 33% from 2012 to 2017, while it increased by 167% from 2007 to 2012. The increase from 2003 to 2007 was remarkable at 355%, but there was a significant decline of 90% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 69%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Meenakshi Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Meenakshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the 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 Nagar?

The Sub Registrar Office that covers Meenakshi Nagar is the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Puzhal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it affects the overall cost of the transaction. Buyers should consider this value when negotiating prices, as it serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Meenakshi Nagar?

The current guideline value of Meenakshi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 650 per sq.ft in 2002 to the current Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Meenakshi Nagar?

The land classification for Meenakshi Nagar is Residential Class II Type - I.

What is the stamp duty rate for property transactions in Meenakshi Nagar?

The stamp duty rate for property transactions in Meenakshi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Meenakshi Nagar located?

The Sub Registrar Office for Meenakshi Nagar is located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.