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Guideline Value

Corporate

Guideline Value for Meenambal Nagar 6th Street

₹1100/sq.ft.

The guideline value for Meenambal Nagar 6th Street in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Meenambal Nagar 6th Street

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Meenambal Nagar 6th Street guideline value

The current guideline value of Meenambal Nagar 6th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Meenambal Nagar 6th Street has changed

Over the years, the guideline value of Meenambal Nagar 6th Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 shows a significant increase to Rs 1,100 per sq.ft, which is a 64% rise from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Meenambal Nagar 6th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Meenambal Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is essential 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 further calculations.

Which Sub Registrar Office covers Meenambal Nagar 6th Street?

The Sub Registrar Office that covers Meenambal Nagar 6th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Meenambal Nagar 6th Street?

The current guideline value of Meenambal Nagar 6th Street 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 from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a 120% increase overall. There were fluctuations, including a decrease to Rs 670 per sq.ft in 2017.

What is the land classification for Meenambal Nagar 6th Street?

Meenambal Nagar 6th Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What is the registration office for Meenambal Nagar 6th Street?

The registration office for Meenambal Nagar 6th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Meenambal Nagar 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000.