Guideline Value

Corporate

Guideline Value for M.G.R. 2ND CROSS STREET

₹2800/sq.ft.

The guideline value for M.g.r. 2nd Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 M.g.r. 2nd Cross Street

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M.G.R. 2nd Cross Street guideline value

The current guideline value of M.G.R. 2nd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of M.G.R. 2nd Cross Street has changed

The guideline value for M.G.R. 2nd Cross Street has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,500 per sq.ft, and it increased to Rs 2,800 per sq.ft in the 2024 revision, marking a change of +12%.

Prior to the 2023 revision, the register did not provide any figures for M.G.R. 2nd Cross Street. The current value of Rs 2,800 per sq.ft places it above the median guideline 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 as per the 2024 revision. M.G.R. 2nd Cross Street's guideline value of Rs 2,800 per sq.ft is above the median of Rs 2,200 per sq.ft. Below are the guideline values for other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in M.G.R. 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.G.R. 2nd Cross Street?

The M.G.R. 2nd Cross 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. To find your SRO, visit 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 determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for pricing. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of M.G.R. 2nd Cross Street?

The current guideline value of M.G.R. 2nd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for M.G.R. 2nd Cross Street was Rs 2,500 per sq.ft in 2023 and increased to Rs 2,800 per sq.ft in 2024, reflecting a change of +12%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for the 754 streets in Sholinganallur - 1 is Rs 2,200 per sq.ft. M.G.R. 2nd Cross Street's value is above this median.

What are the stamp duty and registration fees for M.G.R. 2nd Cross Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total cost would be Rs 2,52,000, which includes both fees.

Where can I find the Sub Registrar Office for M.G.R. 2nd Cross Street?

The Neelankarai Sub Registrar Office covers M.G.R. 2nd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.