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Guideline Value

Corporate

Guideline Value for Muthu Mariammn Koil 2nd Street

₹1700/sq.ft.

The guideline value for Muthu Mariammn Koil 2nd Street in Neelankarai 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class III 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 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹160 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹147 /sq.ft.
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 Muthu Mariammn Koil 2nd Street

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Muthu Mariammn Koil 2nd Street guideline value

The current guideline value of Muthu Mariammn Koil 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the jurisdiction of the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Muthu Mariammn Koil 2nd Street has changed

The guideline value for Muthu Mariammn Koil 2nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 147 per sq.ft, which increased to Rs 160 per sq.ft in 2003. A significant rise was observed from 2003 to 2007, where the value jumped by 338% to reach Rs 700 per sq.ft. The value then saw a substantial increase of 114% from 2007 to 2012, resulting in a guideline value of Rs 1,500 per sq.ft. However, from 2012 to 2017, the value decreased by 33% to Rs 1,005 per sq.ft, before rising to Rs 1,500 per sq.ft in 2023.

As of the latest revision in 2024, the guideline value stands at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1056%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, indicating that the guideline value for Muthu Mariammn Koil 2nd Street is below this median.

Stamp duty and registration fee for property in Muthu Mariammn Koil 2nd Street

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, charged at 7%, would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Therefore, the total cost for stamp duty and registration fees would be Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthu Mariammn Koil 2nd Street?

The Sub Registrar Office that covers Muthu Mariammn Koil 2nd Street 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 Neelankarai

The guideline value plays a crucial role in the registration process when buying or selling property in Neelankarai. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the registration process is transparent and consistent across all transactions.

Frequently asked questions

What is the current guideline value of Muthu Mariammn Koil 2nd Street?

The current guideline value of Muthu Mariammn Koil 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 147 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 1056%.

What are the stamp duty and registration fees for property in Muthu Mariammn Koil 2nd Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,53,000, based on the guideline value of Rs 17,00,000.

Which Sub Registrar Office covers Muthu Mariammn Koil 2nd Street?

The Sub Registrar Office for Muthu Mariammn Koil 2nd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Neelankarai?

The median guideline value in Neelankarai is Rs 2,200 per sq.ft, indicating that the guideline value for Muthu Mariammn Koil 2nd Street is below this median.