Guideline Value

Corporate

Guideline Value for OLD MAHABALIPURAM ROAD CROSS STREET

₹8800/sq.ft.

The guideline value for Old Mahabalipuram Road 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 N/A
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 Cross Street

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Old Mahabalipuram Road Cross Street guideline value

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

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

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. In the 2023 revision, the guideline value was Rs 8,000 per sq.ft, which increased to Rs 8,800 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there are no recorded figures for this street in the guideline value register. The current figure of Rs 8,800 per sq.ft in 2024 is a significant increase from the previous year's value.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with 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 Cross Street above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value would be 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, totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Old Mahabalipuram Road Cross Street?

The Neelankarai Sub Registrar Office covers Old Mahabalipuram Road Cross Street, 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 critical factor during the registration of property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it's essential to be aware of the current guideline value as it influences the overall transaction costs. Buyers should factor in these costs when budgeting for their property purchases.

Frequently asked questions

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

The current guideline value of Old Mahabalipuram Road 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 increased from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024, marking a change of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land for Old Mahabalipuram Road Cross Street?

Old Mahabalipuram Road Cross Street is classified as Commercial Class I Type - III, reflecting its commercial usage and potential.

What are the registration fees for property in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, on a plot valued at Rs 88,00,000, the total fees would amount to Rs 7,92,000.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles all registrations for properties in the area.