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Guideline Value

Corporate

Guideline Value for GANDHI MAIN ROAD-NEW KUMARAN JOINT

₹2200/sq.ft.

The guideline value for Gandhi Main Road-new Kumaran Joint in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. 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 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Gandhi Main Road-new Kumaran Joint

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Gandhi Main Road-New Kumaran Joint guideline value

The current guideline value of Gandhi Main Road-New Kumaran Joint is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of Gandhi Main Road-New Kumaran Joint has changed

The guideline value for Gandhi Main Road-New Kumaran Joint has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2023 revision, marking a change of +10%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline values for this street were not recorded in the register. The 2024 figure aligns with the median guideline value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO, which range from Rs 1,000 to Rs 8,800 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary significantly among the streets. The current guideline value of Rs 2,200 per sq.ft for Gandhi Main Road-New Kumaran Joint matches the median value for the area.

Stamp duty and registration fee for property in Gandhi Main Road-New Kumaran Joint

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 fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Main Road-New Kumaran Joint?

The Gandhi Main Road-New Kumaran Joint falls under 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 Sholinganallur - 1

The guideline value is a critical factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Main Road-New Kumaran Joint?

The current guideline value of Gandhi Main Road-New Kumaran Joint is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Gandhi Main Road-New Kumaran Joint?

The land classification for Gandhi Main Road-New Kumaran Joint is Residential Class II Type - III. This classification is important for determining the appropriate uses for the property.

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. This office handles the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, for a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.