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Guideline Value

Corporate

Guideline Value for Meenambal Salai (Anmai Krishnamoorthy Nagar)

₹3301/sq.ft.

The guideline value for Meenambal Salai (anmai Krishnamoorthy Nagar) 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 (anmai Krishnamoorthy Nagar)

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Meenambal Salai (Anmai Krishnamoorthy Nagar) guideline value

The current guideline value for Meenambal Salai (Anmai Krishnamoorthy Nagar) 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 (Anmai Krishnamoorthy Nagar) has changed

The guideline value has experienced 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, from 2017 to the 2024 revision, the value saw a significant increase of 64%, reaching the current rate of Rs 3,301 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures 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 (Anmai Krishnamoorthy Nagar) is above this median.

Stamp duty and registration fee for property in Meenambal Salai (Anmai Krishnamoorthy Nagar)

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, totaling Rs 2,97,090. 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 Salai (Anmai Krishnamoorthy Nagar)?

The Sub Registrar Office covering Meenambal Salai (Anmai Krishnamoorthy Nagar) 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 crucial for property transactions in Kodungaiyur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Meenambal Salai (Anmai Krishnamoorthy Nagar)?

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

How has the guideline value changed over the years?

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, reflecting a 64% increase from the 2017 revision.

What is the land classification of Meenambal Salai (Anmai Krishnamoorthy Nagar)?

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

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Meenambal Salai?

Stamp duty for properties in Meenambal Salai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.