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Guideline Value

Corporate

Guideline Value for OLD MAHABALIPURAM ROAD (RAJIV GANDHI SALAI)

₹6600/sq.ft.

The guideline value for Old Mahabalipuram Road (rajiv Gandhi Salai) in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chemmancheri

Village

Neelankarai

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
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 Old Mahabalipuram Road (rajiv Gandhi Salai)

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Old Mahabalipuram Road (Rajiv Gandhi Salai) guideline value

The current guideline value of Old Mahabalipuram Road (Rajiv Gandhi Salai) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village and falls under the Neelankarai SRO, classified as Commercial Class I Type - III.

How the guideline value of Old Mahabalipuram Road (Rajiv Gandhi Salai) has changed

The guideline value for Old Mahabalipuram Road (Rajiv Gandhi Salai) has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 6,000 per sq.ft. This was followed by a decrease to Rs 4,020 per sq.ft in the 2017 revision. The value then increased significantly to Rs 6,000 per sq.ft in 2023 and further rose to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value in this village is Rs 1,700 per sq.ft, placing Old Mahabalipuram Road (Rajiv Gandhi Salai) above this median.

Stamp duty and registration fee for property in Old Mahabalipuram Road (Rajiv Gandhi Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, resulting in a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Old Mahabalipuram Road (Rajiv Gandhi Salai)?

The Sub Registrar Office that covers Old Mahabalipuram Road (Rajiv Gandhi Salai) 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 details.

How the guideline value is used when you buy or sell in Chemmancheri

The guideline value is a crucial factor in the registration process when buying or selling property in Chemmancheri. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency and compliance with local regulations, ensuring both buyers and sellers are aware of their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Old Mahabalipuram Road?

The current guideline value of Old Mahabalipuram Road (Rajiv Gandhi Salai) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the median guideline value in Chemmancheri?

The median guideline value in Chemmancheri is Rs 1,700 per sq.ft, and Old Mahabalipuram Road (Rajiv Gandhi Salai) is above this median.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles registrations for Old Mahabalipuram Road?

The Neelankarai Sub Registrar Office handles registrations for Old Mahabalipuram Road (Rajiv Gandhi Salai), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.