Guideline Value for GRAMA NEDUNCHALAI 3RD CROSS STREET EXTENSION

Grama Nedunchalai 3rd Cross Street Extension guideline value

The current guideline value of Grama Nedunchalai 3rd Cross Street Extension 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, classified as Residential Class II Type - III.

How the guideline value of Grama Nedunchalai 3rd Cross Street Extension has changed

The guideline value for Grama Nedunchalai 3rd Cross Street Extension has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, which was then increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. This change reflects a 10% rise in the guideline value for the street.

Guideline values in Sholinganallur - 1

In the village of 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 is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Grama Nedunchalai 3rd Cross Street Extension.

• Grama Nedunchalai 2nd Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai School Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 20th Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai School Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 1st Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai School Street - C.G.S.Farm 1st Joint Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Grama Nedunchalai 3rd Cross Street Extension

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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Grama Nedunchalai 3rd Cross Street Extension?

The Grama Nedunchalai 3rd Cross Street Extension 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 plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Grama Nedunchalai 3rd Cross Street Extension?

The current guideline value of Grama Nedunchalai 3rd Cross Street Extension 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 changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Grama Nedunchalai 3rd Cross Street Extension?

Grama Nedunchalai 3rd Cross Street Extension is classified as Residential Class II Type - III, which is a designation used for residential areas in the region.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 2,200 per sq.ft include Grama Nedunchalai 2nd Cross Street Extension, Grama Nedunchalai School Cross Street, Grama Nedunchalai 20th Cross Street, Grama Nedunchalai School Street, Grama Nedunchalai 1st Cross Street Extension, and Grama Nedunchalai School Street - C.G.S.Farm 1st Joint Street.

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