Guideline Value

Corporate

Guideline Value for SRI MEENAKSHI NAGAR

₹700/sq.ft.

The guideline value for Sri Meenakshi Nagar in Keelakazhani village (Gooduvancheri SRO, Chengalpattu zone) is Rs 700 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Keelakazhani

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹700 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[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 Sri Meenakshi Nagar

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Sri Meenakshi Nagar guideline value

The current guideline value of Sri Meenakshi Nagar, located in Keelakazhani village under the Gooduvancheri SRO, is Rs 700 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Meenakshi Nagar has changed

The guideline value for Sri Meenakshi Nagar has seen several revisions over the years. In the 2012 revision, the value was Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision to Rs 700 per sq.ft, and it remained unchanged in the 2024 revision, reflecting a 0% change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value over this period.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which matches the current guideline value of Sri Meenakshi Nagar.

Stamp duty and registration fee for property in Sri Meenakshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Meenakshi Nagar?

The Sub Registrar Office that covers Sri Meenakshi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Keelakazhani. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration of property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Meenakshi Nagar?

The current guideline value of Sri Meenakshi Nagar is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions. It was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the land classification for Sri Meenakshi Nagar?

Sri Meenakshi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. Duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for Sri Meenakshi Nagar?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations in Sri Meenakshi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.