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Guideline Value

Corporate

Guideline Value for KUDUMIYANDHI THOPE M.G.R.NAGAR 1ST ROAD

₹2200/sq.ft.

The guideline value for Kudumiyandhi Thope M.g.r.nagar 1st Road 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.nagar 1st Road

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Kudumiyandhi Thope M.G.R.Nagar 1st Road guideline value

The current guideline value of Kudumiyandhi Thope M.G.R.Nagar 1st Road 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.Nagar 1st Road has changed

The guideline value for Kudumiyandhi Thope M.G.R.Nagar 1st Road has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which was then revised to Rs 2,200 per sq.ft in 2024, marking an increase of 64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase reflects a substantial adjustment in the guideline value. The 2024 figure of Rs 2,200 per sq.ft aligns with the median guideline value for the village, indicating a consistent valuation among similar streets.

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, with a median value of Rs 2,200 per sq.ft. Kudumiyandhi Thope M.G.R.Nagar 1st Road's 2024 figure is equal to this median.

Stamp duty and registration fee for property in Kudumiyandhi Thope M.G.R.Nagar 1st Road

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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kudumiyandhi Thope M.G.R.Nagar 1st Road?

The Kudumiyandhi Thope M.G.R.Nagar 1st Road 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 details.

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

The guideline value plays a crucial role during property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value provides a benchmark for both parties. It helps in establishing a clear understanding of the property's worth, which is essential for legal and financial documentation.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope M.G.R.Nagar 1st Road?

The current guideline value of Kudumiyandhi Thope M.G.R.Nagar 1st Road 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 in 2024, which is a change of 64%.

What is the land classification for Kudumiyandhi Thope M.G.R.Nagar 1st Road?

The land classification for Kudumiyandhi Thope M.G.R.Nagar 1st Road is Residential Class II Type - III.

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 registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.