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Guideline Value

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Guideline Value for NEW KUMARAN NAGAR 9th CROSS STREET

₹3300/sq.ft.

The guideline value for New Kumaran Nagar 9th Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /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 New Kumaran Nagar 9th Cross Street

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NEW KUMARAN NAGAR 9th CROSS STREET guideline value

The current guideline value for NEW KUMARAN NAGAR 9th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of NEW KUMARAN NAGAR 9th CROSS STREET has changed

The guideline value for NEW KUMARAN NAGAR 9th CROSS STREET has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 2,010 per sq.ft. This figure increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for NEW KUMARAN NAGAR 9th CROSS STREET is above this median.

Stamp duty and registration fee for property in NEW KUMARAN NAGAR 9th CROSS STREET

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 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers NEW KUMARAN NAGAR 9th CROSS STREET?

The Sub Registrar Office that covers NEW KUMARAN NAGAR 9th CROSS 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 in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When you register a property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for NEW KUMARAN NAGAR 9th CROSS STREET?

The current guideline value for NEW KUMARAN NAGAR 9th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for a property on this street?

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.

Which office handles registrations for properties in NEW KUMARAN NAGAR 9th CROSS STREET?

The Neelankarai Sub Registrar Office handles registrations for properties in NEW KUMARAN NAGAR 9th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for NEW KUMARAN NAGAR 9th CROSS STREET?

NEW KUMARAN NAGAR 9th CROSS STREET is classified as Residential Class II Type - I.