Guideline Value for Meenambal Street / Nagalkeni

Meenambal Street / Nagalkeni guideline value

The current guideline value of Meenambal Street / Nagalkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Meenambal Street / Nagalkeni has changed

The guideline value for Meenambal Street / Nagalkeni has undergone several revisions over the years. In 2002, the value was Rs 187 per sq.ft, which increased to Rs 212 per sq.ft in 2003, marking a change of +13%. The value saw significant increases in subsequent years, reaching Rs 570 per sq.ft in 2007, an increase of +169% from 2003. By 2017, the value rose to Rs 1,206 per sq.ft, reflecting a substantial +112% increase from 2007.

In 2023, the guideline value was set at Rs 1,800 per sq.ft, which was a +49% increase from 2017. The most recent revision in 2024 has brought the value to Rs 1,980 per sq.ft, representing a +10% increase from the previous year. The register has no figure for this street for the year 2012.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing the 2024 value of Meenambal Street / Nagalkeni below this median.

• Meenakshi Sundaram Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Meenakshi Sundaram Street / Kalanyipuram: Rs 1,980 per sq.ft (2024)
• Meenakshi Street: Rs 1,980 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• MC Raja Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Mayor Chittibabu Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Meenambal Street / Nagalkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Please 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 assistance.

Which Sub Registrar Office covers Meenambal Street / Nagalkeni?

The Sub Registrar Office that covers Meenambal Street / Nagalkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration of property transactions in Pammal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for tax purposes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Meenambal Street / Nagalkeni?

The current guideline value of Meenambal Street / Nagalkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 187 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of +959% over the years.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is above the current value of Meenambal Street / Nagalkeni.

What are the stamp duty and registration fees for a property in Meenambal Street / Nagalkeni?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Meenambal Street / Nagalkeni located?

The Sub Registrar Office for Meenambal Street / Nagalkeni is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.