Guideline Value

Corporate

Guideline Value for NARAYANASAMY NAICKER 5th STREET

₹2800/sq.ft.

The guideline value for Narayanasamy Naicker 5th 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 5th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

NARAYANASAMY NAICKER 5th STREET guideline value

The current guideline value of NARAYANASAMY NAICKER 5th 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 and falls under Residential Class II Type - II land classification.

How the guideline value of NARAYANASAMY NAICKER 5th STREET has changed

According to the guideline value register, the revision history for NARAYANASAMY NAICKER 5th STREET shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. This consistent rise indicates a significant change in the valuation of properties in this area over the years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing NARAYANASAMY NAICKER 5th STREET above this median.

Stamp duty and registration fee for property in NARAYANASAMY NAICKER 5th STREET

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the 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, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers NARAYANASAMY NAICKER 5th STREET?

The NARAYANASAMY NAICKER 5th 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 details.

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

The guideline value plays a crucial role during property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is referenced to ensure that all legal and financial obligations are met. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of NARAYANASAMY NAICKER 5th STREET?

The current guideline value of NARAYANASAMY NAICKER 5th 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 seen several revisions, with the most recent being an increase from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024. From 2017 to 2024, the overall increase is 67% from Rs 1,675 per sq.ft.

What is the stamp duty for properties in NARAYANASAMY NAICKER 5th STREET?

The stamp duty for properties in NARAYANASAMY NAICKER 5th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000.

Which Sub Registrar Office should I visit for transactions in this area?

The transactions for NARAYANASAMY NAICKER 5th STREET should be conducted at the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification of NARAYANASAMY NAICKER 5th STREET?

NARAYANASAMY NAICKER 5th STREET is classified under Residential Class II Type - II. This classification is important for determining the permissible uses of the land.