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Guideline Value

Corporate

Guideline Value for CHIDAMBARAM CO-OPERATIVE HOUSING SOCIETY COLONY

₹4400/sq.ft.

The guideline value for Chidambaram Co-operative Housing Society Colony 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 Chidambaram Co-operative Housing Society Colony

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Chidambaram Co-Operative Housing Society Colony guideline value

The current guideline value of Chidambaram Co-Operative Housing Society Colony is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Sholinganallur - 1 village, under the Neelankarai SRO, with a land classification of Residential Special Type - V.

How the guideline value of Chidambaram Co-Operative Housing Society Colony has changed

The guideline value has seen several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which then increased to Rs 4,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant at 49%, reflecting the changes in the market during that period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, 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 in this area is Rs 2,200 per sq.ft, placing the Chidambaram Co-Operative Housing Society Colony's 2024 figure above that median.

Stamp duty and registration fee for property in Chidambaram Co-Operative Housing Society Colony

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Chidambaram Co-Operative Housing Society Colony?

The Chidambaram Co-Operative Housing Society Colony 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 further assistance.

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

The guideline value is a crucial factor during property registration in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value for Chidambaram Co-Operative Housing Society Colony?

The current guideline value for Chidambaram Co-Operative Housing Society Colony 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 increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty for properties in Chidambaram Co-Operative Housing Society Colony is charged at a rate of 7% based on the higher of the guideline value or the sale price.

What is the registration fee for properties in this locality?

The registration fee for properties in this area is charged at 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Chidambaram Co-Operative Housing Society Colony?

The Neelankarai Sub Registrar Office handles registrations for Chidambaram Co-Operative Housing Society Colony, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.