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Guideline Value

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Guideline Value for M.G.R.12TH STREET-JAHIR HUSSAIN STREET JOINT EXTENSION

₹1700/sq.ft.

The guideline value for M.g.r.12th Street-jahir Hussain Street Joint Extension in Sholinganallur - 1 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV 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 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.12th Street-jahir Hussain Street Joint Extension

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M.G.R.12th Street-Jahir Hussain Street Joint Extension guideline value

The current guideline value for M.G.R.12th Street-Jahir Hussain Street Joint Extension is Rs 1,700 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 IV Type - I.

How the guideline value of M.G.R.12th Street-Jahir Hussain Street Joint Extension has changed

The guideline value for this street has seen several revisions over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, which is a 13% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 69%.

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, with a median value of Rs 2,200 per sq.ft. The guideline value for M.G.R.12th Street-Jahir Hussain Street Joint Extension is below this median.

Stamp duty and registration fee for property in M.G.R.12th Street-Jahir Hussain Street Joint Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be 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, totaling Rs 1,53,000. It is important to note that the 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 M.G.R.12th Street-Jahir Hussain Street Joint Extension?

The M.G.R.12th Street-Jahir Hussain Street Joint Extension 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 during property registration in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable to a property transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for pricing. It helps both buyers and sellers understand the expected costs associated with the transaction, thereby facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of M.G.R.12th Street-Jahir Hussain Street Joint Extension?

The current guideline value for M.G.R.12th Street-Jahir Hussain Street Joint Extension is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft in 2024, marking a total increase of 69% over this period.

Which office handles registrations for properties in this area?

The Neelankarai Sub Registrar Office handles registrations for properties in M.G.R.12th Street-Jahir Hussain Street Joint Extension, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

How do I calculate the stamp duty and registration fees?

The stamp duty and registration fees can be calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.