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Guideline Value

Corporate

Guideline Value for KUDUMIYANDHI THOPE ISMAIL SHAIB STREET

₹2200/sq.ft.

The guideline value for Kudumiyandhi Thope Ismail Shaib 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 Ismail Shaib Street

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Kudumiyandhi Thope Ismail Shaib Street guideline value

The current guideline value of Kudumiyandhi Thope Ismail Shaib 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 Ismail Shaib Street has changed

The guideline value for Kudumiyandhi Thope Ismail Shaib Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64%. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

In summary, the guideline value saw a substantial increase from the 2017 revision to the 2024 revision. The current value of Rs 2,200 per sq.ft aligns with the median value for the village, indicating a consistent valuation trend among similar properties in the area.

Guideline values in Sholinganallur - 1

The village of Sholinganallur - 1 has a total of 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Kudumiyandhi Thope Ismail Shaib Street.

Stamp duty and registration fee for property in Kudumiyandhi Thope Ismail Shaib Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 Kudumiyandhi Thope Ismail Shaib Street?

The Kudumiyandhi Thope Ismail Shaib 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. 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 when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, the guideline value helps both parties understand the minimum valuation of the property. This ensures transparency in the transaction process and aids in calculating the necessary fees associated with property registration.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope Ismail Shaib Street?

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

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification of Kudumiyandhi Thope Ismail Shaib Street?

Kudumiyandhi Thope Ismail Shaib Street is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Neelankarai Sub Registrar Office, which covers Kudumiyandhi Thope Ismail Shaib Street, is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,98,000 in fees.