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Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for Modern Builders 3rd Cross Street (south) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
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 (south)

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Modern Builders 3rd Cross Street (South) guideline value

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

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

According to the guideline value register, there are no figures available for Modern Builders 3rd Cross Street (South) for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 4,000 per sq.ft, which was then increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision reflects the most recent adjustment to the guideline value, which is now Rs 4,400 per sq.ft. This increase from the previous year’s value of Rs 4,000 per sq.ft indicates a significant change in the valuation for this street.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Modern Builders 3rd Cross Street (South) above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, calculated at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Modern Builders 3rd Cross Street (South) 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 information.

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

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Modern Builders 3rd Cross Street (South) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been several revisions to the guideline value, with the most recent being in 2024, where it increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft. Previous years, including 2002, 2003, 2007, 2012, and 2017, have no figures available for this street.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft. Modern Builders 3rd Cross Street (South) is above this median value.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles the registration of properties in the area.