Guideline Value

Corporate

Guideline Value for MODERN BUILDERS 7TH MAIN ROAD

₹4400/sq.ft.

The guideline value for Modern Builders 7th Main Road 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 7th Main Road

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Modern Builders 7th Main Road guideline value

The current guideline value of Modern Builders 7th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This property 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 7th Main Road has changed

The guideline value for Modern Builders 7th Main Road has undergone several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 4,000 per sq.ft, and it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

This change reflects a significant adjustment in the property’s valuation, moving from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. The current value is now above the median of Rs 2,200 per sq.ft for other streets in Sholinganallur - 1.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, and Modern Builders 7th Main Road's value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Modern Builders 7th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to 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, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Modern Builders 7th Main Road?

The Sub Registrar Office that covers Modern Builders 7th 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. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It helps determine the stamp duty and registration fees that need to be paid at the time of registration.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair valuation, reflecting the current market conditions as per the official register. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Modern Builders 7th Main Road?

The current guideline value for Modern Builders 7th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Modern Builders 7th Main Road?

Modern Builders 7th Main Road is classified as Residential Special Type - V.

Where can I find the registration office for this area?

The registration office for Modern Builders 7th 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.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department's guideline value register, which reflects the current market conditions and is used to calculate stamp duty and registration fees during property transactions.