Guideline Value for Meeransahib Street

Meeransahib Street guideline value

The current guideline value of Meeransahib Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Meeransahib Street has changed

The guideline value for Meeransahib Street has undergone several revisions over the years. In 2002, the value was Rs 512 per sq.ft, which increased to Rs 559 per sq.ft in 2003, marking a 9% rise. The value then saw a significant increase of 52% to reach Rs 850 per sq.ft in 2007. Following that, the guideline value jumped by 253% to Rs 3,000 per sq.ft in 2012. However, it experienced a decline of 33% to Rs 2,010 per sq.ft in 2017. The value then rose by 49% to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in years other than those specified. Overall, from 2002 to 2024, the guideline value has increased by 545%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a guideline value for 2024, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in the area is Rs 4,400 per sq.ft, placing Meeransahib Street's 2024 figure below that median.

• Meighai Vinayagar Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - V.P.Akilan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - V.O.C Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Sriramulu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Meeransahib Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to 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 more accurate calculations.

Which Sub Registrar Office covers Meeransahib Street?

The Sub Registrar Office that covers Meeransahib Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial reference point when buying or selling property in Saligramam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

When you proceed with a property transaction, the guideline value helps determine the legal obligations regarding fees. It is essential for both buyers and sellers to be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Meeransahib Street?

The current guideline value of Meeransahib Street is Rs 3,300 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 512 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 545%.

What is the median guideline value in Saligramam?

The median guideline value in Saligramam is Rs 4,400 per sq.ft, which is higher than the current value of Meeransahib Street.

What are the stamp duty and registration fees for property in Meeransahib Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000 based on the current guideline value.

Which office handles registrations for Meeransahib Street?

The Virugambakkam Sub Registrar Office handles registrations for Meeransahib Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.