Guideline Value for GRAMA NEDUNCHALAI 13TH CROSS STREET

Grama Nedunchalai 13th Cross Street guideline value

The current guideline value of Grama Nedunchalai 13th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Grama Nedunchalai 13th Cross Street has changed

The guideline value for Grama Nedunchalai 13th Cross Street has seen several revisions over the years. The oldest available revision is from 2017, where the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in 2023, marking a change of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the guideline value of Grama Nedunchalai 13th Cross Street equal to the median.

• Grama Nedunchalai 12th Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 14th Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 15th Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 10th Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 18th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Grama Nedunchalai 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Grama Nedunchalai 13th Cross Street?

The Grama Nedunchalai 13th Cross Street 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. 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 the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it directly impacts the costs associated with the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Grama Nedunchalai 13th Cross Street?

The current guideline value of Grama Nedunchalai 13th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Grama Nedunchalai 13th Cross Street?

The Neelankarai Sub Registrar Office handles property registrations for Grama Nedunchalai 13th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for the minimum registration value of properties, impacting the stamp duty and registration fees during transactions. It ensures that the government receives appropriate revenue from property sales.