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Guideline Value

Corporate

Guideline Value for NEW KUMARAN NAGAR MAIN ROAD (NEAR CANAL)

₹3300/sq.ft.

The guideline value for New Kumaran Nagar Main Road (near Canal) 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 Main Road (near Canal)

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New Kumaran Nagar Main Road (Near Canal) guideline value

The current guideline value for New Kumaran Nagar Main Road (Near Canal) is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of New Kumaran Nagar Main Road (Near Canal) has changed

The guideline value for New Kumaran Nagar Main Road (Near Canal) has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase over 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 there are no figures available 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 with the 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value in this area is Rs 2,200 per sq.ft, making the 2024 guideline value for New Kumaran Nagar Main Road (Near Canal) above the median.

Stamp duty and registration fee for property in New Kumaran Nagar Main Road (Near Canal)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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, making the total amount Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers New Kumaran Nagar Main Road (Near Canal)?

The New Kumaran Nagar Main Road (Near Canal) falls under 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 SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable during the buying or selling of property. Buyers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

When a property is sold, the guideline value is the minimum value on which the stamp duty is calculated. This ensures that the government receives due revenue from property transactions, reflecting the value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value for New Kumaran Nagar Main Road (Near Canal)?

The current guideline value for New Kumaran Nagar Main Road (Near Canal) 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 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 property in this area?

For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers New Kumaran Nagar Main Road (Near Canal)?

The Neelankarai Sub Registrar Office covers New Kumaran Nagar Main Road (Near Canal), 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 Main Road (Near Canal)?

The land classification for New Kumaran Nagar Main Road (Near Canal) is Residential Class II Type - I.