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Guideline value, street

Guideline Value for Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street)

₹2200/sq.ft.effective 1 July 2024

Chennai zone Sholinganallur - 1 village Neelankarai SRO Residential Class Ii Type - Iii

The guideline value for Kudumiyandhi Thope School Street (rajiv Gandhi Nagar Mayana Pathai Joint Street) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
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 School Street (rajiv Gandhi Nagar Mayana Pathai Joint Street)

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Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street) guideline value

The current guideline value of Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street) has changed

The guideline value for Kudumiyandhi Thope School Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 guideline value for these streets is Rs 2,200 per sq.ft, which aligns with the current value for Kudumiyandhi Thope School Street.

Stamp duty and registration fee for property in Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint 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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street)?

The Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value is regularly updated, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope School Street?

The current guideline value of Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over the years.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current value for Kudumiyandhi Thope School Street.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles the registration for Kudumiyandhi Thope School Street?

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