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Guideline Value

Corporate

Guideline Value for EAST COAST ROAD (NEW MAHABALIPURAM ROAD)

₹7200/sq.ft.

The guideline value for East Coast Road (new Mahabalipuram Road) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 7200 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹7200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹4355 /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 East Coast Road (new Mahabalipuram Road)

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East Coast Road (New Mahabalipuram Road) guideline value

The current guideline value of East Coast Road (New Mahabalipuram Road) is Rs 7,200 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of East Coast Road (New Mahabalipuram Road) has changed

In the 2017 revision, the guideline value was Rs 4,355 per sq.ft. From 2017 to 2024, there has been a significant increase of 65%, resulting in the current guideline value of Rs 7,200 per sq.ft. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The absence of figures for the years mentioned indicates that the guideline value has been updated only in the revisions of 2017 and 2024. The current value reflects the latest assessment of property worth in this area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value in this area is Rs 2,200 per sq.ft, positioning East Coast Road (New Mahabalipuram Road) above this median.

Stamp duty and registration fee for property in East Coast Road (New Mahabalipuram Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,200 per sq.ft, the total guideline value amounts to Rs 72,00,000. The stamp duty at 7% would be Rs 5,04,000, and the registration fee at 2% would be Rs 1,44,000, leading to a total of Rs 6,48,000. It is important to note that the 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 East Coast Road (New Mahabalipuram Road)?

The East Coast Road (New Mahabalipuram Road) falls under the jurisdiction of 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 plays a crucial role when buying or selling property in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of East Coast Road (New Mahabalipuram Road)?

The current guideline value of East Coast Road (New Mahabalipuram Road) is Rs 7,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the 2017 revision, the guideline value has increased by 65%, from Rs 4,355 per sq.ft to Rs 7,200 per sq.ft in 2024.

What is the land classification for East Coast Road (New Mahabalipuram Road)?

The land classification for East Coast Road (New Mahabalipuram Road) is Commercial Class I Type - II.

Where can I find the Neelankarai Sub Registrar Office?

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 properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 72,00,000, the stamp duty would be Rs 5,04,000 at a rate of 7%.