Guideline Value

Corporate

Guideline Value for NEDUNCHELIAN 2ND STREET

₹3900/sq.ft.

The guideline value for Nedunchelian 2nd Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /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 Nedunchelian 2nd Street

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Nedunchelian 2nd Street guideline value

The current guideline value of Nedunchelian 2nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Nedunchelian 2nd Street has changed

The guideline value of Nedunchelian 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, which increased to Rs 3,500 per sq.ft in the 2023 revision. The most recent 2024 revision has raised this figure to Rs 3,900 per sq.ft, marking an increase of 11% from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 66%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The significant increase between the 2017 and 2023 revisions was 49%, showcasing a notable rise in the guideline value over this period.

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 for this area is Rs 2,200 per sq.ft, placing Nedunchelian 2nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Nedunchelian 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these charges to Rs 3,51,000. It is worth noting that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nedunchelian 2nd Street?

The Sub Registrar Office that covers Nedunchelian 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.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Sholinganallur - 1. It helps determine the stamp duty and registration fees that must be paid, which are based on this value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it influences the overall cost of property transactions. It ensures that the transaction is aligned with the officially recognized property values in the area.

Frequently asked questions

What is the current guideline value of Nedunchelian 2nd Street?

The current guideline value of Nedunchelian 2nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 66%, rising from Rs 2,345 per sq.ft to Rs 3,900 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Nedunchelian 2nd Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges amount to Rs 3,51,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Nedunchelian 2nd Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Nedunchelian 2nd Street's 2024 figure of Rs 3,900 per sq.ft being above this median.