Guideline Value for Meenambal Cross Street

Meenambal Cross Street guideline value

The current guideline value of Meenambal Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Meenambal Cross Street has changed

The guideline value for Meenambal Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 690 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 190%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 219%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, indicating that the 2024 guideline value for Meenambal Cross Street is below this median.

• MeenambalLane: Rs 2,200 per sq.ft (2024)
• Meenambal Nagar: Rs 2,200 per sq.ft (2024)
• Meenambal St: Rs 2,200 per sq.ft (2024)
• Meera Nagar i: Rs 880 per sq.ft (2024)
• Meera Nagar ii: Rs 880 per sq.ft (2024)
• Meera Nagar iii: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Meenambal Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 Meenambal Cross Street?

The Sub Registrar Office that covers Meenambal Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Tambaram, the guideline value is a crucial factor during the registration process. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these fees are calculated based on a standardized value set by the authorities.

The guideline value serves as a reference point for both buyers and sellers, helping to facilitate a transparent transaction process. It is important to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Meenambal Cross Street?

The current guideline value of Meenambal Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 690 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 219% over the years.

What is the land classification of Meenambal Cross Street?

Meenambal Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find information on stamp duty and registration fees?

You can find information on stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Meenambal Cross Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Meenambal Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.