Guideline Value

Corporate

Guideline Value for Sri Meenakshi Nagar

₹880/sq.ft.

The guideline value for Sri Meenakshi Nagar in Manimangalam A village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manimangalam A

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /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 Meenakshi Nagar

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Sri Meenakshi Nagar guideline value

The current guideline value of Sri Meenakshi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Meenakshi Nagar has changed

The guideline value for Sri Meenakshi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, up from Rs 800 per sq.ft in 2023, marking a 10% increase. In the previous revision in 2017, the guideline value was Rs 536 per sq.ft, which shows a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,500 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or 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?

Sri Meenakshi Nagar falls under 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the fair value of the property. This helps in maintaining 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 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, which is a total increase of 64%. The most recent increase from 2023 to 2024 was 10%.

What is the land classification of Sri Meenakshi Nagar?

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

Where can I find the registration office for Sri Meenakshi Nagar?

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

How is the stamp duty calculated for properties in Sri Meenakshi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.