Guideline Value for SRI MEENAKSHI NAGAR

Sri Meenakshi Nagar guideline value

The current guideline value of Sri Meenakshi Nagar is Rs 1,000 per sq.ft as per the 2023 revision. This area falls under the Thiruporur SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Meenakshi Nagar has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant change of 49% over the six-year period. Notably, there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

The absence of figures for these earlier years indicates that the guideline value has seen substantial adjustments only between the 2017 and 2023 revisions. The current rate reflects the most recent valuation, which is crucial for property transactions in this locality.

Guideline values in Thaiyur-A

Currently, there are no specific guideline values provided for other streets in Thaiyur-A. Sri Meenakshi Nagar is the only street mentioned in the available data.

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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Meenakshi Nagar?

The Sub Registrar Office that covers Sri Meenakshi Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value plays a critical role in the registration process of property transactions in Thaiyur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Meenakshi Nagar?

The current guideline value of Sri Meenakshi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, reflecting a change of 49%.

Are there any guideline values for other streets in Thaiyur-A?

Currently, there are no specific guideline values provided for other streets in Thaiyur-A. Sri Meenakshi Nagar is the only street mentioned in the available data.

What are the stamp duty and registration fees for a property in Sri Meenakshi Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office should I visit for property registration in Sri Meenakshi Nagar?

The Thiruporur Sub Registrar Office covers Sri Meenakshi Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.