Guideline Value for NEELANKARAI TO THORAIPAKKAM LINK ROAD

Neelankarai To Thoraipakkam Link Road guideline value

The current guideline value of Neelankarai To Thoraipakkam Link Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Neelankarai To Thoraipakkam Link Road has changed

The guideline value for Neelankarai To Thoraipakkam Link Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023 and further increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the increase was 49%, while the overall change from 2012 to 2024 reflects a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which matches the current guideline value for Neelankarai To Thoraipakkam Link Road.

• NEHRU NAGAR 14th CROSS STREET: Rs 3,900 per sq.ft (2024)
• Navaneetham Ammal Street: Rs 1,100 per sq.ft (2024)
• Nehru Nagar 1 St Street - 13 Th Cross Street: Rs 3,900 per sq.ft (2024)
• Natural Springs II: Rs 4,400 per sq.ft (2024)
• Natural Springs: Rs 6,100 per sq.ft (2024)
• Nehru Nagar Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Neelankarai To Thoraipakkam Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to 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 details.

Which Sub Registrar Office covers Neelankarai To Thoraipakkam Link Road?

The Neelankarai To Thoraipakkam Link Road is covered by 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 Okkiyamthuraipakkam

The guideline value is a crucial factor when registering property transactions in Okkiyamthuraipakkam. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value for Neelankarai To Thoraipakkam Link Road?

The current guideline value for Neelankarai To Thoraipakkam Link Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, which is the same as the current guideline value for Neelankarai To Thoraipakkam Link Road.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Neelankarai Sub Registrar Office located?

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