Guideline Value

Corporate

Guideline Value for M.G.R. 7TH STREET

₹2800/sq.ft.

The guideline value for M.g.r. 7th 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. 7th Street

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M.G.R. 7th Street guideline value

The current guideline value of M.G.R. 7th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of M.G.R. 7th Street has changed

The guideline value register for M.G.R. 7th Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,800 per sq.ft, effective from 1 July 2024.

As there are no figures for the previous years, it is clear that the only current guideline value for M.G.R. 7th Street is from the 2024 revision. There have been no changes in the guideline value between the revisions available 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 value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value of M.G.R. 7th Street is above the median.

Stamp duty and registration fee for property in M.G.R. 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to 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. Together, these fees amount to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information regarding fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G.R. 7th Street?

The Sub Registrar Office that covers M.G.R. 7th Street is 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. When a property is sold or purchased, the guideline value is used as a basis for calculating the stamp duty and registration fees. This ensures that the fees are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Understanding the guideline value helps in planning and budgeting for property transactions effectively.

Frequently asked questions

What is the current guideline value of M.G.R. 7th Street?

The current guideline value of M.G.R. 7th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How often is the guideline value revised?

The guideline value is revised periodically, with the latest revision for M.G.R. 7th Street taking place in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for this street.

What is the land classification for M.G.R. 7th Street?

The land classification for M.G.R. 7th Street is Residential Class II Type - II, indicating its use for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in M.G.R. 7th Street?

Stamp duty for properties in M.G.R. 7th Street is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 1,96,000.