Guideline Value

Corporate

Guideline Value for NARAYANASAMY NAICKER 3rd STREET

₹2800/sq.ft.

The guideline value for Narayanasamy Naicker 3rd 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 3rd Street

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NARAYANASAMY NAICKER 3rd STREET guideline value

The current guideline value of NARAYANASAMY NAICKER 3rd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of NARAYANASAMY NAICKER 3rd STREET has changed

The guideline value for NARAYANASAMY NAICKER 3rd STREET has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 2,800 per sq.ft, marking a 12% increase from the previous year and an overall increase of 67% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting significant growth in the guideline value over these years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values for 754 streets under the Neelankarai SRO range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. NARAYANASAMY NAICKER 3rd STREET's 2024 figure of Rs 2,800 per sq.ft is above this median.

Stamp duty and registration fee for property in NARAYANASAMY NAICKER 3rd 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, bringing the total cost for these fees to Rs 2,52,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers NARAYANASAMY NAICKER 3rd STREET?

The Sub Registrar Office that covers NARAYANASAMY NAICKER 3rd 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 details.

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

The guideline value plays a crucial role in property transactions in Sholinganallur - 1. When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Buyers and sellers must be aware that the guideline value is not necessarily the sale price but serves as a benchmark for taxation purposes. It is essential to consult the guideline value to understand the financial implications of property transactions in this area.

Frequently asked questions

What is the current guideline value of NARAYANASAMY NAICKER 3rd STREET?

The current guideline value of NARAYANASAMY NAICKER 3rd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023 and then to Rs 2,800 per sq.ft in 2024, marking a total increase of 67% from 2017 to 2024.

What is the land classification for NARAYANASAMY NAICKER 3rd STREET?

NARAYANASAMY NAICKER 3rd STREET is classified as Residential Class II Type - II.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers NARAYANASAMY NAICKER 3rd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How do the guideline values compare with other streets in the area?

The guideline value of Rs 2,800 per sq.ft for NARAYANASAMY NAICKER 3rd STREET is above the median value of Rs 2,200 per sq.ft for streets in Sholinganallur - 1. Other streets in the area also share the same guideline value of Rs 2,800 per sq.ft.