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Guideline Value

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Guideline Value for KUDUMIYANDHI THOPE M.G.R.NAGAR 2ND STREET EXTENSION

₹2200/sq.ft.

The guideline value for Kudumiyandhi Thope M.g.r.nagar 2nd 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.nagar 2nd Street Extension

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Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension guideline value

The current guideline value for Kudumiyandhi Thope M.G.R.Nagar 2nd 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. The land classification for this area is Residential Class II Type - III.

How the guideline value of Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension has changed

The guideline value for Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 1,340 per sq.ft. This figure was revised to Rs 2,200 per sq.ft in 2024, marking an increase of 64% from the previous revision.

It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The current value of Rs 2,200 per sq.ft aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with the median being Rs 2,200 per sq.ft. The guideline value for Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension is equal to this median value. Below are the guideline values for other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Kudumiyandhi Thope M.G.R.Nagar 2nd 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 is 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. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension?

The Kudumiyandhi Thope M.G.R.Nagar 2nd 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. You can find your SRO for further assistance.

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

When buying or selling property in Sholinganallur - 1, the guideline value serves as a benchmark for determining the registration fees and stamp duty payable. It is essential for both buyers and sellers to be aware of this value to ensure compliance with legal requirements during transactions.

The guideline value is used during the registration process to assess the applicable duties and fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension?

The current guideline value for Kudumiyandhi Thope M.G.R.Nagar 2nd 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 in 2024, which is a change of 64%.

What is the land classification for this area?

The land classification for Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension is Residential Class II Type - III.

Which Sub Registrar Office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension, 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 and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,98,000 in fees.