Guideline Value

Corporate

Guideline Value for PANAIYUR M.G.R. 1ST ROAD

₹2200/sq.ft.

The guideline value for Panaiyur M.g.r. 1st Road in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /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 Panaiyur M.g.r. 1st Road

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

Panaiyur M.G.R. 1st Road guideline value

The current guideline value of Panaiyur M.G.R. 1st Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and the land classification is Residential Class II Type - III.

How the guideline value of Panaiyur M.G.R. 1st Road has changed

The guideline value for Panaiyur M.G.R. 1st Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. From 2017 to the 2024 revision, there was a significant increase of 64%, bringing the current value to Rs 2,200 per sq.ft. The register has no figure for the years 2023, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. The absence of figures for the other revisions indicates that there were no updates recorded for this street during those years.

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, which matches the guideline value of Panaiyur M.G.R. 1st Road.

Stamp duty and registration fee for property in Panaiyur M.G.R. 1st Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Panaiyur M.G.R. 1st Road?

The Sub Registrar Office that covers Panaiyur M.G.R. 1st Road is 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 specific SRO, you can find your SRO online.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor during property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded fairly and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that both the buyer and seller adhere to the regulatory framework in place.

Frequently asked questions

What is the current guideline value of Panaiyur M.G.R. 1st Road?

The current guideline value of Panaiyur M.G.R. 1st Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, reflecting a 64% increase.

Which office handles property registrations for Panaiyur M.G.R. 1st Road?

The Neelankarai Sub Registrar Office handles property registrations for Panaiyur M.G.R. 1st Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Panaiyur M.G.R. 1st Road is charged at 7% of the guideline value or sale price, whichever is higher.

Are there other streets with the same guideline value in Sholinganallur - 1?

Yes, several other streets in Sholinganallur - 1 have the same guideline value of Rs 2,200 per sq.ft, including Panaiyur Kuppam School Street and Panaiyur M.G.R. 2nd Road, among others.