Guideline Value for Meenambal Nagar Cross Street

Meenambal Nagar Cross Street guideline value

The current guideline value of Meenambal Nagar Cross 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 Cross Street has changed

The guideline value for Meenambal Nagar Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a significant increase of 64% from 2017.

There are no figures available 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 Cross Street's 2024 figure below this median.

• Meenambal Nagar 6th Street: Rs 1,100 per sq.ft (2024)
• Meenambal Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Meenambal Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Meenambal Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Meenambal Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Meenambal Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Meenambal Nagar Cross 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 charges 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meenambal Nagar Cross Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Meenambal Nagar Cross Street?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification of Meenambal Nagar Cross Street?

Meenambal Nagar Cross Street is classified as Residential Class II Type - II.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.