Guideline Value

Corporate

Guideline Value for MALLIKESWARI LANE

₹1700/sq.ft.

The guideline value for Mallikeswari Lane 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 Mallikeswari Lane

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Mallikeswari Lane guideline value

The current guideline value of Mallikeswari Lane 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 it falls under the Residential Class IV Type - I land classification.

How the guideline value of Mallikeswari Lane has changed

The guideline value for Mallikeswari Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is an increase of 13% from the 2023 revision of Rs 1,500 per sq.ft. Looking back further, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from the 2017 revision to the 2024 revision is an increase of 69%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Mallikeswari Lane. This lack of data means we cannot assess any changes during those years.

Guideline values in Sholinganallur - 1

Within 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 of Mallikeswari Lane is below this median.

Stamp duty and registration fee for property in Mallikeswari Lane

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 is charged at 7%, resulting in Rs 1,19,000, while the registration fee at 2% amounts to Rs 34,000. The total cost for these fees combined is 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mallikeswari Lane?

Mallikeswari Lane 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 plays a crucial role in the registration process of properties in Sholinganallur - 1. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations associated with property transactions. Accurate knowledge of these values can help in planning the budget for buying or selling property.

Frequently asked questions

What is the current guideline value of Mallikeswari Lane?

The current guideline value of Mallikeswari Lane is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 69%.

What is the land classification of Mallikeswari Lane?

Mallikeswari Lane is classified under Residential Class IV Type - I.

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 Mallikeswari Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at a rate of 7%.