Guideline Value

Corporate

Guideline Value for MODERN BUILDERS 13TH MAIN ROAD

₹4400/sq.ft.

The guideline value for Modern Builders 13th Main Road 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 ₹2680 /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 Modern Builders 13th Main Road

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Modern Builders 13th Main Road guideline value

The current guideline value of Modern Builders 13th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the land classification of Residential Special Type - V.

How the guideline value of Modern Builders 13th Main Road has changed

In the 2017 revision, the guideline value for Modern Builders 13th Main Road was Rs 2,680 per sq.ft. This figure saw a significant increase in the 2024 revision, where it was revised to Rs 4,400 per sq.ft, marking a change of +64% over the seven-year period. The register has no figures for this street in the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 to the 2024 revision, the guideline value increased from Rs 2,680 to Rs 4,400 per sq.ft. This substantial rise reflects the updated valuation for the property, aligning it with the current market conditions as per the Registration Department's guideline value register (TNReginet).

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range 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 13th Main Road at Rs 4,400 per sq.ft is above this median, indicating its positioning within the local market.

Stamp duty and registration fee for property in Modern Builders 13th Main Road

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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for a more detailed estimation based on your specific property transaction.

Which Sub Registrar Office covers Modern Builders 13th Main Road?

The Sub Registrar Office that covers Modern Builders 13th Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the registration process and to accurately assess the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Modern Builders 13th Main Road?

The current guideline value of Modern Builders 13th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, which is a change of +64%.

What is the land classification for Modern Builders 13th Main Road?

The land classification for Modern Builders 13th Main Road is Residential Special Type - V.

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.

How is stamp duty calculated for properties in Sholinganallur - 1?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.