Guideline Value

Corporate

Guideline Value for NARAYANASAMY NAICKER 2nd STREET

₹2800/sq.ft.

The guideline value for Narayanasamy Naicker 2nd Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /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 Narayanasamy Naicker 2nd Street

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NARAYANASAMY NAICKER 2nd STREET guideline value

The current guideline value of NARAYANASAMY NAICKER 2nd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of NARAYANASAMY NAICKER 2nd STREET has changed

The guideline value for NARAYANASAMY NAICKER 2nd STREET has seen several revisions over the years. In 2017, the value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,800 per sq.ft, reflecting an increase of 12% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 67%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 NARAYANASAMY NAICKER 2nd STREET is above this median.

Stamp duty and registration fee for property in NARAYANASAMY NAICKER 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers NARAYANASAMY NAICKER 2nd STREET?

The NARAYANASAMY NAICKER 2nd STREET falls under 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 plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is often referenced to ascertain the applicable charges. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of NARAYANASAMY NAICKER 2nd STREET?

The current guideline value of NARAYANASAMY NAICKER 2nd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,800 per sq.ft in 2024. This represents an overall increase of 67% over the seven years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in NARAYANASAMY NAICKER 2nd STREET is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for NARAYANASAMY NAICKER 2nd STREET?

The Neelankarai Sub Registrar Office is responsible for handling registrations for NARAYANASAMY NAICKER 2nd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

Are there any other streets with the same guideline value?

Yes, other streets in Sholinganallur - 1, such as Narayanasamy Naicker 1st Street, 3rd Street, 4th Street, 5th Street, and Narayanasamy Naicker Main Road, also have a guideline value of Rs 2,800 per sq.ft as of 2024.