Guideline Value for Menambedu Road

Menambedu Road guideline value

The current guideline value of Menambedu Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Pattravakkam village, under the Konnur SRO, and is classified as Industries Type - I.

How the guideline value of Menambedu Road has changed

The guideline value for Menambedu Road has seen several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,900 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Menambedu Road is above this median.

• Milkfarm Road: Rs 3,300 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Lakshmi Colony: Rs 1,100 per sq.ft (2024)
• Naresh Nagar: Rs 1,500 per sq.ft (2024)
• Kullakkarai Street: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Menambedu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Menambedu Road?

The Sub Registrar Office covering Menambedu Road is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pattravakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Menambedu Road?

The current guideline value of Menambedu Road 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 from Rs 400 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a significant increase of 725% over the years.

What is the stamp duty rate for property in Menambedu Road?

The stamp duty rate for property transactions in Menambedu Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How many streets in Pattravakkam have a 2024 guideline value?

There are 34 streets in Pattravakkam under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,900 per sq.ft.