Guideline Value

Corporate

Guideline Value for Kumaraguru Avenue Extn.,

₹1700/sq.ft.

The guideline value for Kumaraguru Avenue Extn., in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹115 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹98 /sq.ft.
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 Kumaraguru Avenue Extn.,

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Kumaraguru Avenue Extn., guideline value

The current guideline value of Kumaraguru Avenue Extn., in Neelankarai village is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the Neelankarai SRO and is classified as Residential Class III Type - I.

How the guideline value of Kumaraguru Avenue Extn., has changed

The guideline value for Kumaraguru Avenue Extn. has undergone several revisions over the years. In 2002, the value was Rs 98 per sq.ft, which increased to Rs 115 per sq.ft in 2003, marking a 17% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, reflecting a 335% change. Following this, the value jumped to Rs 1,500 per sq.ft in 2012, showing a 200% increase.

From 2012 to 2017, the guideline value decreased to Rs 1,005 per sq.ft, a decline of 33%. However, it rose again to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,700 per sq.ft in 2024, which is a 13% increase. The overall change from 2002 to 2024 is a substantial 1,635% increase.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Kumaraguru Avenue Extn. is below this median.

Stamp duty and registration fee for property in Kumaraguru Avenue Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumaraguru Avenue Extn.,?

The Kumaraguru Avenue Extn. 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 Neelankarai

The guideline value is an essential factor in property transactions in Neelankarai. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a baseline for calculating taxes and fees. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kumaraguru Avenue Extn.?

The current guideline value of Kumaraguru Avenue Extn. is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 98 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 1,635%.

What is the land classification for Kumaraguru Avenue Extn.?

Kumaraguru Avenue Extn. is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Kumaraguru Avenue Extn.?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,00,000, with stamp duty at Rs 1,19,000 and registration fees at Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Kumaraguru Avenue Extn.?

The Neelankarai Sub Registrar Office handles registrations for Kumaraguru Avenue Extn., located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.