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Guideline Value

Corporate

Guideline Value for C.G.S.FARM 2ND CROSS STREET EXTENSION

₹2800/sq.ft.

The guideline value for C.g.s.farm 2nd Cross Street Extension in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /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)

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 C.g.s.farm 2nd Cross Street Extension

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C.G.S.Farm 2nd Cross Street Extension guideline value

The current guideline value of C.G.S.Farm 2nd Cross Street Extension is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of C.G.S.Farm 2nd Cross Street Extension has changed

The guideline value for C.G.S.Farm 2nd Cross Street Extension has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, reflecting a 49% increase. The current guideline value in 2024 is Rs 2,800 per sq.ft, which is a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no registered figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for C.G.S.Farm 2nd Cross Street Extension is above this median.

Stamp duty and registration fee for property in C.G.S.Farm 2nd Cross Street Extension

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that 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 C.G.S.Farm 2nd Cross Street Extension?

The C.G.S.Farm 2nd Cross Street Extension falls under 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of C.G.S.Farm 2nd Cross Street Extension?

The current guideline value of C.G.S.Farm 2nd Cross Street Extension is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,800 per sq.ft in 2024, marking an overall increase of 67%.

Which Sub Registrar Office should I approach for transactions in C.G.S.Farm 2nd Cross Street Extension?

The Neelankarai Sub Registrar Office covers transactions in C.G.S.Farm 2nd Cross Street Extension, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in C.G.S.Farm 2nd Cross Street Extension is 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in Sholinganallur - 1?

Yes, there are several other streets in Sholinganallur - 1 that share the same guideline value of Rs 2,800 per sq.ft, including C.G.S.Farm 1st Street 1st Cross Street, C.G.S.Farm 2nd Street, C.G.S.Farm 1st Cross Street, and others.