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 is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - II.

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 2007 revision, the value was Rs 128 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a substantial increase of 681%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The most recent 2023 revision has restored the value back to Rs 1,000 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 681%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. The guideline value for Sri Meenakshi Nagar stands at Rs 1,000 per sq.ft. There are no other streets in Ponmar under the Gooduvancheri SRO listed.

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 would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponmar. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable duties. This value is used to ensure that the correct fees are paid, which is essential for the legal transfer of property ownership.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 128 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and is currently Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for properties 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.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar under the Gooduvancheri SRO listed with guideline values.