Guideline Value

Corporate

Guideline Value for Sri Meenakshi Nagar

₹720/sq.ft.

The guideline value for Sri Meenakshi Nagar 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 ₹650 /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)

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 in Serapanancheri village, under the Padappai SRO, is Rs 720 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Meenakshi Nagar has changed

In the 2012 revision, the guideline value was Rs 650 per sq.ft. This figure decreased to Rs 435 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 650 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 720 per sq.ft, reflecting an 11% increase from the previous year.

It's important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft. The median value for these streets is Rs 720 per sq.ft, which aligns with 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 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, leading to a total of Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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 details.

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

The guideline value is a crucial factor when registering property transactions in Serapanancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the necessary fees, ensuring that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Meenakshi Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 650 per sq.ft in 2023 to Rs 720 per sq.ft in 2024. The value also decreased from Rs 650 to Rs 435 between 2012 and 2017.

What is the land classification for Sri Meenakshi Nagar?

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

Where can I find the Sub Registrar Office for Sri Meenakshi Nagar?

The Padappai Sub Registrar Office covers Sri Meenakshi Nagar, 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. For example, a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft results in a total guideline value of Rs 7,20,000.