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

Guideline Value

Corporate

Guideline Value for CLRI NGAAR SARASWATHI NAGAR WEST EXTENSION

₹2800/sq.ft.

The guideline value for Clri Ngaar Saraswathi Nagar West Extension in Neelankarai 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

Neelankarai

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 ₹2500 /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)

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 Clri Ngaar Saraswathi Nagar West Extension

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

Clri Ngaar Saraswathi Nagar West Extension guideline value

The current guideline value of Clri Ngaar Saraswathi Nagar West Extension is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Neelankarai village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Clri Ngaar Saraswathi Nagar West Extension has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision saw a significant increase to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,800 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 12% in the guideline value.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Clri Ngaar Saraswathi Nagar West Extension's 2024 guideline value above this median.

Stamp duty and registration fee for property in Clri Ngaar Saraswathi Nagar West Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the 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 Clri Ngaar Saraswathi Nagar West Extension?

The Sub Registrar Office covering Clri Ngaar Saraswathi Nagar West Extension 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 further assistance.

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

The guideline value is an important factor in the registration process of property transactions in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Clri Ngaar Saraswathi Nagar West Extension?

The current guideline value of Clri Ngaar Saraswathi Nagar West Extension is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 in 2012 to Rs 1,675 in 2017, then back to Rs 2,500 in 2023, and finally to Rs 2,800 in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

What is the median guideline value in Neelankarai?

The median guideline value for the 377 streets in Neelankarai is Rs 2,200 per sq.ft. Clri Ngaar Saraswathi Nagar West Extension's 2024 guideline value is above this median.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 2,52,000.

Which office handles property registrations for Clri Ngaar Saraswathi Nagar West Extension?

The Neelankarai Sub Registrar Office handles property registrations for Clri Ngaar Saraswathi Nagar West Extension, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.