Guideline Value for P.D.N.Salai

P.D.N.Salai guideline value

The current guideline value of P.D.N.Salai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of P.D.N.Salai has changed

The guideline value for P.D.N.Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,400 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it rose by 10%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value for P.D.N.Salai is above this median, reflecting its higher valuation.

• Periya Neelankarai Kuppam: Rs 1,700 per sq.ft (2024)
• Periya Neelankarai Kuppam 10th Cross Street: Rs 1,700 per sq.ft (2024)
• Periya Neelankarai Kuppam 11th Cross Street: Rs 1,700 per sq.ft (2024)
• Periya Neelankarai Kuppam 12th Cross Street: Rs 1,700 per sq.ft (2024)
• Periya Neelankarai Kuppam 1st Cross Street: Rs 1,700 per sq.ft (2024)
• Periya Neelankarai Kuppam 1st Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in P.D.N.Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.D.N.Salai?

The Sub Registrar Office covering P.D.N.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 information.

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

The guideline value plays a crucial role in the registration process for property transactions in Neelankarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of P.D.N.Salai?

The current guideline value of P.D.N.Salai is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification of P.D.N.Salai?

P.D.N.Salai is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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.

How is stamp duty calculated for properties in P.D.N.Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the same basis.