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Guideline Value

Corporate

Guideline Value for Meenambal Salai (Abirami Avenue)

₹3301/sq.ft.

The guideline value for Meenambal Salai (abirami Avenue) in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3301 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3301 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[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 Salai (abirami Avenue)

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Meenambal Salai (Abirami Avenue) guideline value

The current guideline value of Meenambal Salai (Abirami Avenue) is Rs 3,301 per sq.ft. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Commercial Class I Type - I.

How the guideline value of Meenambal Salai (Abirami Avenue) has changed

The guideline value for Meenambal Salai (Abirami Avenue) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. However, the latest revision in 2024 has seen a significant increase, bringing the value up to Rs 3,301 per sq.ft, marking a 64% rise from the 2017 figure.

Between the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Meenambal Salai (Abirami Avenue) is above this median.

Stamp duty and registration fee for property in Meenambal Salai (Abirami Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total cost to Rs 2,97,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meenambal Salai (Abirami Avenue)?

The Sub Registrar Office that covers Meenambal Salai (Abirami Avenue) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. When a property is bought or sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. 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 Salai (Abirami Avenue)?

The current guideline value of Meenambal Salai (Abirami Avenue) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,301 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification of Meenambal Salai (Abirami Avenue)?

Meenambal Salai (Abirami Avenue) is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 33,01,000, the total fees would amount to Rs 2,97,090.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Meenambal Salai (Abirami Avenue) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in this area.