Guideline Value

Corporate

Guideline Value for SRI MEENATCHI NAGAR PHASE - II

₹720/sq.ft.

The guideline value for Sri Meenatchi Nagar Phase - Ii in Serapanancheri village (Padappai SRO, Chennai zone) is Rs 720 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Serapanancheri

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹720 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Meenatchi Nagar Phase - Ii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Meenatchi Nagar Phase - II guideline value

The current guideline value of Sri Meenatchi Nagar Phase - II is Rs 720 per sq.ft, effective from 1 July 2024. This area is located in Serapanancheri village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Meenatchi Nagar Phase - II has changed

The guideline value for Sri Meenatchi Nagar Phase - II has undergone several revisions over the years. The 2017 revision set the value at Rs 435 per sq.ft, which increased to Rs 650 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased this value to Rs 720 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 66%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating significant growth in the guideline value over these years.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft, with the median value being Rs 720 per sq.ft. The guideline value for Sri Meenatchi Nagar Phase - II aligns with this median.

Stamp duty and registration fee for property in Sri Meenatchi Nagar Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value would be Rs 7,20,000. The stamp duty at 7% would amount to Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees to Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Meenatchi Nagar Phase - II?

The Sub Registrar Office that covers Sri Meenatchi Nagar Phase - II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Serapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, 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 Meenatchi Nagar Phase - II?

The current guideline value of Sri Meenatchi Nagar Phase - II is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 435 per sq.ft in 2017 to Rs 650 per sq.ft in 2023, and now to Rs 720 per sq.ft in 2024. This represents a 66% increase from 2017 to 2024.

What is the land classification for Sri Meenatchi Nagar Phase - II?

Sri Meenatchi Nagar Phase - II is classified as Residential Class I Type - I. This classification is important for determining the permissible land use and development regulations in the area.

Where can I find the registration office for Sri Meenatchi Nagar Phase - II?

The registration office for Sri Meenatchi Nagar Phase - II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 64,800.