Guideline Value

Corporate

Guideline Value for NEDUNCHELIAN STREET

₹3900/sq.ft.

The guideline value for Nedunchelian 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 Street

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Nedunchelian Street guideline value

The current guideline value of Nedunchelian Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of Nedunchelian Street has changed

The guideline value of Nedunchelian Street has undergone several revisions over the years. In 2017, the guideline value was Rs 2,345 per sq.ft, which increased to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 3,900 per sq.ft, marking an 11% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 66%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Nedunchelian Street. The substantial increase from Rs 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024 reflects a significant change in the guideline value over this period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value 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 Street's 2024 figure above this median.

Stamp duty and registration fee for property in Nedunchelian 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 to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nedunchelian Street?

The Sub Registrar Office that covers Nedunchelian 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 Sholinganallur - 1

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nedunchelian Street?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,900 per sq.ft in 2024, marking a total increase of 66% over this period.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 3,900 per sq.ft in 2024 include Nedunchelian 2nd Street, 3rd Street, 4th Street, 5th Street, 6th Street, and 7th Street.

Where can I find the Neelankarai Sub Registrar Office?

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

How is the stamp duty calculated for properties in Nedunchelian Street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.