Guideline Value

Corporate

Guideline Value for KUDUMIYANDHI THOPE DR.AMBEDKAR STREET

₹2200/sq.ft.

The guideline value for Kudumiyandhi Thope Dr.ambedkar Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /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 Kudumiyandhi Thope Dr.ambedkar Street

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Kudumiyandhi Thope Dr.Ambedkar Street guideline value

The current guideline value of Kudumiyandhi Thope Dr.Ambedkar Street is Rs 2,200 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 - III.

How the guideline value of Kudumiyandhi Thope Dr.Ambedkar Street has changed

The guideline value for Kudumiyandhi Thope Dr.Ambedkar Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. Following this, the 2024 revision set the value at Rs 2,200 per sq.ft, marking an increase of 64% from the 2017 figure.

There are no figures available for this street in the revisions for the years 2023, 2012, 2007, 2003, and 2002. The only figures recorded for this street are from the 2017 and 2024 revisions.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, 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 value across these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Kudumiyandhi Thope Dr.Ambedkar Street.

Stamp duty and registration fee for property in Kudumiyandhi Thope Dr.Ambedkar 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to 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 Kudumiyandhi Thope Dr.Ambedkar Street?

The Kudumiyandhi Thope Dr.Ambedkar 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 an essential factor in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall transaction costs.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope Dr.Ambedkar Street?

The current guideline value of Kudumiyandhi Thope Dr.Ambedkar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision, where the value was Rs 1,340 per sq.ft, the guideline value increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of 64%.

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

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 2,200 per sq.ft include Kudumiyandhi Thope Dr.Ambedkar 5th Cross Street, Kudumiyandhi Thope Ismail Shaib Cross Street, and several others.

What is the role of the Neelankarai SRO?

The Neelankarai SRO is responsible for the registration of properties in the Sholinganallur - 1 village, including setting and maintaining the guideline values for various streets.

How is stamp duty calculated in relation to the guideline value?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue during property transactions.