Guideline Value

Corporate

Guideline Value for OLD MAHABALIPURAM ROAD/RAJIV GANDHI SALAI

₹8800/sq.ft.

The guideline value for Old Mahabalipuram Road/rajiv Gandhi Salai 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/rajiv Gandhi Salai

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Old Mahabalipuram Road/Rajiv Gandhi Salai guideline value

The current guideline value of Old Mahabalipuram Road/Rajiv Gandhi Salai is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village 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. The most recent revision in 2024 set the value at Rs 8,800 per sq.ft, which is a 10% increase from the 2023 revision of Rs 8,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value remained unlisted for the previous years mentioned. This consistent increase highlights the adjustments made in the guideline value over time, with the latest figure reflecting current market conditions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for this area is Rs 2,200 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 rate, the guideline value is Rs 88,00,000. The stamp duty at 7% amounts to Rs 6,16,000, while the registration fee at 2% is Rs 1,76,000, totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Old Mahabalipuram Road/Rajiv Gandhi Salai 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 is a critical factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Old Mahabalipuram Road/Rajiv Gandhi Salai?

The current guideline value of Old Mahabalipuram Road/Rajiv Gandhi Salai is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Old Mahabalipuram Road/Rajiv Gandhi Salai?

Old Mahabalipuram Road/Rajiv Gandhi Salai is classified as Commercial Class I Type - III.

Which Sub Registrar Office is responsible for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 7,92,000.