Guideline Value

Corporate

Guideline Value for Meera Nagar iii

₹880/sq.ft.

The guideline value for Meera Nagar Iii in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Meera Nagar Iii

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Meera Nagar iii guideline value

The current guideline value of Meera Nagar iii is Rs 880 per sq.ft, effective from 1 July 2024. This locality is situated in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Meera Nagar iii has changed

The guideline value for Meera Nagar iii has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, an increase from Rs 800 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision had the guideline value at Rs 536 per sq.ft, which represented a significant increase of +49% compared to the 2023 figure. The 2012 revision also recorded a value of Rs 800 per sq.ft, indicating a decrease of -33% from the 2017 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of +10%. This reflects the changes that have occurred over the years, with the most substantial increase occurring between 2017 and 2023.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Meera Nagar iii's 2024 figure below that median.

Stamp duty and registration fee for property in Meera Nagar iii

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meera Nagar iii?

The Sub Registrar Office that covers Meera Nagar iii is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is registered, the guideline value helps determine the financial obligations of the buyer. It is essential to be aware of the current guideline value in order to understand the costs involved in property transactions in the area.

Frequently asked questions

What is the current guideline value of Meera Nagar iii?

The current guideline value of Meera Nagar iii is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, and from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2012.

What is the land classification for Meera Nagar iii?

Meera Nagar iii is classified as Residential Class II Type - II, which indicates its zoning for residential development.

Where can I find the Sub Registrar Office for Meera Nagar iii?

The Sub Registrar Office for Meera Nagar iii is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.

How is stamp duty calculated in Meera Nagar iii?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty at 7% would be Rs 61,600.