Guideline Value for Meenavar Gudisai

Meenavar Gudisai guideline value

The current guideline value of Meenavar Gudisai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Meenavar Gudisai has changed

The guideline value for Meenavar Gudisai has seen several revisions over the years. In 2002, the guideline value was Rs 331 per sq.ft. This increased significantly to Rs 392 per sq.ft in 2003, marking an 18% rise. The value continued to rise, reaching Rs 1,500 per sq.ft in 2007, which was a remarkable increase of 283%. However, in 2012, the value dropped to Rs 4,000 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 2,680 per sq.ft in 2017, which was a 49% rise from the previous figure.

In 2023, the guideline value was Rs 4,000 per sq.ft, and it saw a 10% increase to Rs 4,400 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 1229%. Notably, there are no figures available for the revisions in the years not mentioned.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Meenavar Gudisai is below this median.

• Meyyammai High School: Rs 6,600 per sq.ft (2024)
• Maiko Colony: Rs 7,700 per sq.ft (2024)
• Muthulakshmi Salai (L.B. Road): Rs 12,700 per sq.ft (2024)
• L.B. Road 9th Cross Street: Rs 6,600 per sq.ft (2024)
• L.B. Road 8th Cross Street: Rs 6,600 per sq.ft (2024)
• L.B. Road 7th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Meenavar Gudisai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total fees together Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meenavar Gudisai?

The Sub Registrar Office that covers Meenavar Gudisai is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Meenavar Gudisai?

The current guideline value of Meenavar Gudisai is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 331 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1229% over the years.

What are the stamp duty and registration fees for properties in Meenavar Gudisai?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Meenavar Gudisai?

The Adayar Sub Registrar Office covers Meenavar Gudisai, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

Where can I find more information about guideline values in Urur?

You can find more information about guideline values in Urur and other streets by visiting the respective links provided for each street's guideline value.