Guideline Value

Corporate

Guideline Value for CLRI Nagar 1st Street

₹2800/sq.ft.

The guideline value for Clri Nagar 1st Street 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 Nagar 1st Street

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CLRI Nagar 1st Street guideline value

The current guideline value of CLRI Nagar 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of CLRI Nagar 1st Street has changed

Over the years, the guideline value of CLRI Nagar 1st Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,800 per sq.ft, marking a 12% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, the value increased by 49%. From the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, the guideline value has increased by 12% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing the guideline value of CLRI Nagar 1st Street above this median.

Stamp duty and registration fee for property in CLRI Nagar 1st Street

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 fees to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CLRI Nagar 1st Street?

The CLRI Nagar 1st Street is covered by 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 a crucial factor during the registration process of property transactions in Neelankarai. It helps determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it reflects the official valuation set by the government for taxation purposes. It is advisable to consult the latest revisions and updates to ensure compliance with the legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of CLRI Nagar 1st Street?

The current guideline value of CLRI Nagar 1st Street 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 significantly, with the most recent revision in 2024 increasing it to Rs 2,800 per sq.ft from Rs 2,500 per sq.ft in 2023. The value saw a decrease from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017 before rising again.

What is the land classification of CLRI Nagar 1st Street?

CLRI Nagar 1st Street falls under the Residential Class II Type - II land classification, indicating its designated use for residential purposes.

What are the stamp duty rates for property in CLRI Nagar 1st Street?

The stamp duty for property transactions in CLRI Nagar 1st Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for CLRI Nagar 1st Street?

The Neelankarai Sub Registrar Office covers CLRI Nagar 1st Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.