Guideline Value

Corporate

Guideline Value for PANAIYUR M.G.R. 2ND ROAD

₹2200/sq.ft.

The guideline value for Panaiyur M.g.r. 2nd 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. 2nd Road

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Panaiyur M.G.R. 2nd Road guideline value

The current guideline value of Panaiyur M.G.R. 2nd 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. The land classification for this area is Residential Class II Type - III.

How the guideline value of Panaiyur M.G.R. 2nd Road has changed

The guideline value for Panaiyur M.G.R. 2nd Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft. In the 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure. It is important to note that the register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

From 2017 to 2024, the increase in the guideline value reflects the updated assessment of the area. The current value of Rs 2,200 per sq.ft is now aligned with the median guideline value for the village, which also stands at Rs 2,200 per sq.ft.

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 is Rs 2,200 per sq.ft, which is equal to the guideline value of Panaiyur M.G.R. 2nd Road. Below are other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Panaiyur M.G.R. 2nd 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, totaling Rs 1,98,000. It is important to note that the 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 Panaiyur M.G.R. 2nd Road?

The Sub Registrar Office covering Panaiyur M.G.R. 2nd Road 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 during the registration of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the correct fees are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Panaiyur M.G.R. 2nd Road?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a +64% change. There are no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft. This value is the same as the current guideline value for Panaiyur M.G.R. 2nd Road.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Panaiyur M.G.R. 2nd Road?

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