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Guideline Value

Corporate

Guideline Value for KUDUMIYANDHI THOPE M.G.R.MAIN STREET EXTENSION

₹2200/sq.ft.

The guideline value for Kudumiyandhi Thope M.g.r.main Street Extension 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 M.g.r.main Street Extension

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Kudumiyandhi Thope M.G.R.Main Street Extension guideline value

The current guideline value of Kudumiyandhi Thope M.G.R.Main Street Extension 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 Kudumiyandhi Thope M.G.R.Main Street Extension has changed

The guideline value for Kudumiyandhi Thope M.G.R.Main Street Extension has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous revision.

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

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 value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Kudumiyandhi Thope M.G.R.Main Street Extension.

Stamp duty and registration fee for property in Kudumiyandhi Thope M.G.R.Main Street Extension

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, while the registration fee at 2% would be Rs 44,000, bringing the total 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 Kudumiyandhi Thope M.G.R.Main Street Extension?

The Kudumiyandhi Thope M.G.R.Main Street Extension 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 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 be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope M.G.R.Main Street Extension?

The current guideline value of Kudumiyandhi Thope M.G.R.Main Street Extension is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

What is the land classification of Kudumiyandhi Thope M.G.R.Main Street Extension?

The land classification for Kudumiyandhi Thope M.G.R.Main Street Extension is Residential Class II Type - III.

Which office handles the registration for this street?

The Neelankarai Sub Registrar Office handles the registration for Kudumiyandhi Thope M.G.R.Main Street Extension, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for a property here?

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. The duty is charged on the higher of the guideline value or the sale price.