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Guideline Value

Corporate

Guideline Value for Meenambal Salai (General Avenue)

₹3301/sq.ft.

The guideline value for Meenambal Salai (general 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 (general Avenue)

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Meenambal Salai (General Avenue) guideline value

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

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

The guideline value for Meenambal Salai (General Avenue) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,301 per sq.ft, a significant increase from Rs 2,010 per sq.ft in the 2017 revision. The 2012 revision recorded a value of Rs 3,000 per sq.ft. Notably, there are no figures available for the years 2023, 2007, 2003, and 2002.

From 2017 to 2024, the guideline value increased by 64%. However, from 2012 to 2017, there was a decrease of 33%. Overall, when comparing the 2012 and 2024 figures, there has been a modest increase of 10% in the guideline value.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO carrying 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 (General Avenue) is above this median.

Stamp duty and registration fee for property in Meenambal Salai (General 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 be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total to Rs 2,97,090. Please note that 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 more details.

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

The Sub Registrar Office that covers Meenambal Salai (General 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 plays a crucial role during property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government collects the appropriate taxes based on the property's value.

When registering a property, buyers must provide the guideline value to the registration office. The amount of stamp duty is calculated based on this value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value for Meenambal Salai (General Avenue)?

The current guideline value for Meenambal Salai (General 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 to Rs 3,301 per sq.ft in 2024. There are no figures available for the years 2023, 2007, 2003, and 2002.

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

Meenambal Salai (General 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?

For a property valued at Rs 33,01,000, the stamp duty would be Rs 2,31,070, and the registration fee would be Rs 66,020, totaling Rs 2,97,090. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Meenambal Salai (General Avenue)?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers Meenambal Salai (General Avenue). You can find more information about your SRO online.