Guideline Value

Corporate

Guideline Value for CLRI Nagar 4th Street

₹2800/sq.ft.

The guideline value for Clri Nagar 4th 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 4th Street

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CLRI Nagar 4th Street guideline value

The current guideline value of CLRI Nagar 4th 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 is classified as Residential Class II Type - II.

How the guideline value of CLRI Nagar 4th Street has changed

Over the years, the guideline value for CLRI Nagar 4th Street has undergone several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This value remained until the next revision in 2017, which saw a decrease to Rs 1,675 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and in the latest revision for 2024, it rose further to Rs 2,800 per sq.ft, marking a 12% increase from the previous year.

The changes between the revisions highlight the fluctuations in the guideline value. From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value surged by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 12% increase. It is important to note that 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, with a median value of Rs 2,200 per sq.ft. The guideline value of CLRI Nagar 4th Street is above this median, reflecting its relative position within the village.

Stamp duty and registration fee for property in CLRI Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty, charged at 7%, would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these fees total 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 CLRI Nagar 4th Street?

The Sub Registrar Office that covers CLRI Nagar 4th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Neelankarai. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value.

When a property transaction occurs, the guideline value helps in establishing the official value of the property, which is necessary for legal documentation. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal complications.

Frequently asked questions

What is the current guideline value of CLRI Nagar 4th Street?

The current guideline value of CLRI Nagar 4th 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 from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking a 12% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification of CLRI Nagar 4th Street?

CLRI Nagar 4th Street is classified as Residential Class II Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for property in CLRI Nagar 4th Street?

The stamp duty is charged at 7%, and the registration fee is at 2%. For a property valued at Rs 28,00,000, the total fees would be Rs 2,52,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.