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Guideline Value

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Guideline Value for GOVINDSAMY STREET - SARANGAPANI STREET JOINT

₹2800/sq.ft.

The guideline value for Govindsamy Street - Sarangapani Street Joint in Sholinganallur - 1 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

Sholinganallur - 1

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 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 Govindsamy Street - Sarangapani Street Joint

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Govindsamy Street - Sarangapani Street Joint guideline value

The current guideline value for Govindsamy Street - Sarangapani Street Joint is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Govindsamy Street - Sarangapani Street Joint has changed

The guideline value for this street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the value to Rs 2,800 per sq.ft, marking a 12% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 67%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024 represents a substantial change in the guideline value.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO with 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, placing Govindsamy Street - Sarangapani Street Joint above this median.

Stamp duty and registration fee for property in Govindsamy Street - Sarangapani Street Joint

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total 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, bringing the total charges to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Govindsamy Street - Sarangapani Street Joint?

The Govindsamy Street - Sarangapani Street Joint is covered by 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 specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during property registration in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Govindsamy Street - Sarangapani Street Joint?

The current guideline value of Govindsamy Street - Sarangapani Street Joint 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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, marking a total increase of 67% over this period.

What is the stamp duty for properties in this area?

The stamp duty for properties in Govindsamy Street - Sarangapani Street Joint is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in this area?

The Neelankarai Sub Registrar Office handles property registrations for Govindsamy Street - Sarangapani Street Joint, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets with similar guideline values?

Other streets in Sholinganallur - 1, such as Govindsamy Main Street and Govt. High School Street, have guideline values ranging from Rs 2,800 to Rs 4,400 per sq.ft, reflecting the varying property values in the area.