Guideline Value

Corporate

Guideline Value for DESCO HEAVEN

₹2200/sq.ft.

The guideline value for Desco Heaven in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /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 Desco Heaven

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Desco Heaven guideline value

The current guideline value of Desco Heaven is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Desco Heaven has changed

The guideline value for Desco Heaven has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,340 per sq.ft. In the 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a significant change of +64% from the 2017 figure. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2024, the guideline value rose from Rs 1,340 to Rs 2,200 per sq.ft. This increase reflects the current valuation in the context of the overall guideline values in the area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Desco Heaven.

Stamp duty and registration fee for property in Desco Heaven

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Desco Heaven?

The Sub Registrar Office that covers Desco Heaven 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 Sholinganallur - 1

The guideline value is a crucial factor in property transactions as it determines the minimum value at which properties can be registered. When buying or selling property in Sholinganallur - 1, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. The registration process will require adherence to the guideline value, ensuring that all parties are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Desco Heaven?

The current guideline value of Desco Heaven is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a change of +64%.

What are the other streets in Sholinganallur - 1 with guideline values?

Other streets in Sholinganallur - 1 include Devaraj Avenue, Devaraj Nagar 1st Cross Street, Devaraj Nagar 1st Main Street, Devaraj Nagar 1st Street, Devaraj Nagar 2nd Cross Street, and Devaraj Nagar 2nd Main Road, all valued at Rs 5,000 per sq.ft in 2024.

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.

How is the stamp duty calculated for property in Desco Heaven?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.