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Guideline Value

Corporate

Guideline Value for CENTRAL PARK WEST & SOUTH

₹4400/sq.ft.

The guideline value for Central Park West & South in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /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 Central Park West & South

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Central Park West & South guideline value

The current guideline value of Central Park West & South is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Special Type - V.

How the guideline value of Central Park West & South has changed

The guideline value for Central Park West & South has undergone several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, marking a 10% increase from the 2023 figure.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Central Park West & South above this median.

Stamp duty and registration fee for property in Central Park West & South

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Central Park West & South?

The Central Park West & South area 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 information.

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

The guideline value is a crucial reference for determining the minimum value at which property transactions are registered in Sholinganallur - 1. It ensures that properties are sold and purchased at a value that reflects the local market conditions as assessed by the Registration Department.

When you buy or sell property, the guideline value influences the stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Central Park West & South?

The current guideline value of Central Park West & South is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 include C.G.S.Farm 1st Cross Street, C.G.S.Farm 1st Street 1st Cross Street, C.G.S.Farm 2nd Cross Street Extension, C.G.S.Farm 2nd Street, C.G.S.Farm Main Street, and C.G.S. Farms 1st Street Cross Extension, all with a guideline value of Rs 2,800 per sq.ft in 2024.

What is the role of the Neelankarai SRO?

The Neelankarai SRO is responsible for the registration of property transactions in the area, including Central Park West & South. It ensures that all transactions are recorded accurately and that the appropriate fees are collected based on the guideline value.

How is stamp duty calculated for properties in Central Park West & South?

Stamp duty for properties in Central Park West & South is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, ensuring that buyers are aware of the total costs involved in the transaction.