Guideline Value for GRAMA NEDUNCHALAI 20TH CROSS STREET

Grama Nedunchalai 20th Cross Street guideline value

The current guideline value of Grama Nedunchalai 20th 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 20th Cross Street has changed

The guideline value for Grama Nedunchalai 20th Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking a change of +10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The significant changes observed between the revisions highlight the increasing value of this locality.

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 guideline value for this area is Rs 2,200 per sq.ft, which is equal to the current value for Grama Nedunchalai 20th Cross Street.

• Grama Nedunchalai 1st Cross Street Extnesion: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 2nd Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 3rd Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 18th Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai School Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Grama Nedunchalai 20th 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 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 charges to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Grama Nedunchalai 20th Cross Street?

The Grama Nedunchalai 20th Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable for the property, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value serves as a benchmark to assess the value of the property. It helps in maintaining transparency and consistency in property dealings, ensuring that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value for Grama Nedunchalai 20th Cross Street?

The current guideline value for Grama Nedunchalai 20th 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, marking an overall increase of +64% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 22,00,000. The stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Grama Nedunchalai 20th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Grama Nedunchalai 20th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the significance of guideline value in property transactions?

The guideline value is essential in property transactions as it determines the stamp duty and registration fees applicable. It serves as a benchmark for assessing property values, ensuring transparency and consistency in dealings.