Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for ADIKESAVAN STREET (VILLAGE ROAD)

₹2200/sq.ft.

The guideline value for Adikesavan Street (village Road) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Adikesavan Street (village Road)

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

Adikesavan Street (Village Road) guideline value

The current guideline value of Adikesavan Street (Village Road) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of Adikesavan Street (Village Road) has changed

The guideline value for Adikesavan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, representing a 10% increase from the 2023 revision of Rs 2,000 per sq.ft. Notably, there are no recorded figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

In summary, the guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The 2024 figure aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 that are listed under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Adikesavan Street's 2024 guideline value matches this median.

Stamp duty and registration fee for property in Adikesavan Street (Village Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adikesavan Street (Village Road)?

The Sub Registrar Office that covers Adikesavan Street (Village Road) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

When buying or selling property in Sholinganallur - 1, the guideline value serves as a benchmark for determining the registration fees and stamp duty payable. It is essential to note that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the authorities. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adikesavan Street?

The current guideline value of Adikesavan Street (Village Road) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Adikesavan Street has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Adikesavan Street?

Adikesavan Street (Village Road) is classified as Residential Class II Type - III. This classification is important for understanding the usage and regulations applicable to properties in the area.

What are the stamp duty rates for properties in Adikesavan Street?

The stamp duty for properties in Adikesavan Street is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles the registration of properties in the area.