Guideline Value

Corporate

Guideline Value for M.G.R. 4TH STREET

₹2800/sq.ft.

The guideline value for M.g.r. 4th Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. 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 N/A
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. 4th Street

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M.G.R. 4th Street guideline value

The current guideline value of M.G.R. 4th 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, and it falls under the Residential Class II Type - II land classification.

How the guideline value of M.G.R. 4th Street has changed

The guideline value for M.G.R. 4th Street has undergone several revisions over the years. However, the register has no figure for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft.

Since there are no figures available for the previous years, it is clear that the only registered figure for M.G.R. 4th Street is from the 2024 revision. There have been no changes in the guideline value between the revisions above.

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 in this village is Rs 2,200 per sq.ft, making M.G.R. 4th Street's 2024 figure above that median.

Stamp duty and registration fee for property in M.G.R. 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for a more detailed calculation based on your specific property.

Which Sub Registrar Office covers M.G.R. 4th Street?

The Sub Registrar Office that covers M.G.R. 4th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are mandatory and are based on the higher value between the guideline value and the sale price of the property.

Frequently asked questions

What is the current guideline value of M.G.R. 4th Street?

The current guideline value of M.G.R. 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

Which Sub Registrar Office is responsible for M.G.R. 4th Street?

The Neelankarai Sub Registrar Office is responsible for M.G.R. 4th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How has the guideline value changed over the years?

The register has no figure for M.G.R. 4th Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 2,800 per sq.ft.

What are the stamp duty and registration fees for properties in M.G.R. 4th Street?

For a 1,000 sq.ft plot at the guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration. It is essential for calculating the stamp duty and registration fees, which are based on the higher value between the guideline value and the sale price of the property.