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Guideline Value

Corporate

Guideline Value for MODERN BUILDERS 3RD CROSS STREET (NORTH)

₹4400/sq.ft.

The guideline value for Modern Builders 3rd Cross Street (north) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹4400 /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 Modern Builders 3rd Cross Street (north)

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Modern Builders 3rd Cross Street (North) guideline value

The current guideline value of Modern Builders 3rd Cross Street (North) is Rs 4,400 per sq.ft. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Modern Builders 3rd Cross Street (North) has changed

The guideline value register for Modern Builders 3rd Cross Street (North) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft. The register has no figures for the years 2023, 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2024 revision, there have been no changes to the guideline value. Therefore, the current figure remains consistent with the previous revisions, reflecting the latest update in the guideline value register.

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 of Modern Builders 3rd Cross Street (North) is above this median.

Stamp duty and registration fee for property in Modern Builders 3rd Cross Street (North)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Modern Builders 3rd Cross Street (North)?

The Neelankarai Sub Registrar Office covers Modern Builders 3rd Cross Street (North). The address is 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 property transactions in Sholinganallur - 1. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. This ensures that the transaction is recorded accurately and legally.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to determine the applicable duties and fees. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Modern Builders 3rd Cross Street (North)?

The current guideline value of Modern Builders 3rd Cross Street (North) is Rs 4,400 per sq.ft as per the 2024 revision.

What is the land classification for Modern Builders 3rd Cross Street (North)?

The land classification for Modern Builders 3rd Cross Street (North) is Residential Special Type - V.

How has the guideline value changed over the years?

The guideline value has been Rs 4,400 per sq.ft since the 2024 revision. The register has no figures for the years 2023, 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

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.