Guideline Value for CLRI Nagar 8th Street

CLRI Nagar 8th Street guideline value

The current guideline value of CLRI Nagar 8th 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 8th Street has changed

The guideline value for CLRI Nagar 8th Street has undergone several revisions over the years. 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 saw a significant increase to Rs 2,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 2,800 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The most recent change from 2023 to 2024 reflects an increase of 12%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing CLRI Nagar 8th Street above this median at Rs 2,800 per sq.ft.

• CLRI Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 9th Street: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Clri Ngaar Saraswathi Nagar West Extension: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 4th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in CLRI Nagar 8th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the 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, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CLRI Nagar 8th Street?

The Sub Registrar Office that covers CLRI Nagar 8th Street 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 more information.

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

The guideline value is an essential factor in property transactions in Neelankarai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When purchasing or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. It is crucial for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of CLRI Nagar 8th Street?

The current guideline value of CLRI Nagar 8th 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 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification of CLRI Nagar 8th Street?

CLRI Nagar 8th Street is classified as Residential Class II Type - II.

What is the median guideline value in Neelankarai?

The median guideline value in Neelankarai is Rs 2,200 per sq.ft, which means CLRI Nagar 8th Street's guideline value is above this median.

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.