Guideline Value

Corporate

Guideline Value for PANAIYUR M.G.R. 3RD ROAD

₹2200/sq.ft.

The guideline value for Panaiyur M.g.r. 3rd 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. 3rd Road

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Panaiyur M.G.R. 3rd Road guideline value

The current guideline value of Panaiyur M.G.R. 3rd Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Panaiyur M.G.R. 3rd Road has changed

The guideline value for Panaiyur M.G.R. 3rd Road has undergone several revisions. The earliest recorded revision was in 2017, where the guideline value was Rs 1,340 per sq.ft. This figure was updated to Rs 2,200 per sq.ft in the 2024 revision, marking an increase of 64% over the seven years.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The most recent revision in 2024 reflects the current guideline value.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Panaiyur M.G.R. 3rd Road.

Stamp duty and registration fee for property in Panaiyur M.G.R. 3rd 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. 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.

Which Sub Registrar Office covers Panaiyur M.G.R. 3rd Road?

The Neelankarai Sub Registrar Office covers Panaiyur M.G.R. 3rd Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered to ensure that the transaction is registered at a fair value, reflecting the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Panaiyur M.G.R. 3rd Road?

The current guideline value of Panaiyur M.G.R. 3rd 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% increase. There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,98,000.

Which office handles property registrations for Panaiyur M.G.R. 3rd Road?

The Neelankarai Sub Registrar Office handles property registrations for Panaiyur M.G.R. 3rd Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Panaiyur M.G.R. 3rd Road?

Panaiyur M.G.R. 3rd Road is classified as Residential Class II Type - III, indicating its designation for residential purposes under the local regulations.