Guideline Value

Corporate

Guideline Value for OLD MAHABALIPURAM ROAD 1ST CROSS STREET

₹8800/sq.ft.

The guideline value for Old Mahabalipuram Road 1st Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 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

Sholinganallur - 1

Village

Neelankarai

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /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 Old Mahabalipuram Road 1st Cross Street

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Old Mahabalipuram Road 1st Cross Street guideline value

The current guideline value of Old Mahabalipuram Road 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Old Mahabalipuram Road 1st Cross Street has changed

The guideline value for Old Mahabalipuram Road 1st Cross Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 5,360 per sq.ft. This figure increased to Rs 8,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 8,800 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

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. The median value for these streets is Rs 2,200 per sq.ft, placing Old Mahabalipuram Road 1st Cross Street above this median.

Stamp duty and registration fee for property in Old Mahabalipuram Road 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Old Mahabalipuram Road 1st Cross Street?

The Sub Registrar Office that covers Old Mahabalipuram Road 1st 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 plays a crucial role when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Old Mahabalipuram Road 1st Cross Street?

The current guideline value of Old Mahabalipuram Road 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,360 per sq.ft in 2017 to Rs 8,800 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for this street?

Old Mahabalipuram Road 1st Cross Street is classified as Commercial Class I Type - III.

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

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Where is the Sub Registrar Office located for this street?

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