Guideline Value

Corporate

Guideline Value for PANAIYUR M.G.R. 4TH ROAD

₹2200/sq.ft.

The guideline value for Panaiyur M.g.r. 4th 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. 4th Road

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Panaiyur M.G.R. 4th Road guideline value

The current guideline value of Panaiyur M.G.R. 4th Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in the Sholinganallur - 1 village, 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. 4th Road has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This value remained until the 2024 revision, which increased the guideline value to Rs 2,200 per sq.ft, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Comparing the revisions, the significant increase from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024 reflects a notable change in the guideline value. The absence of figures for the other years indicates that there were no recorded changes during those periods.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, which aligns with the current guideline value of Panaiyur M.G.R. 4th Road.

Stamp duty and registration fee for property in Panaiyur M.G.R. 4th Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Panaiyur M.G.R. 4th Road?

The Sub Registrar Office that covers Panaiyur M.G.R. 4th 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 property registration in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the 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 Panaiyur M.G.R. 4th Road?

The current guideline value of Panaiyur M.G.R. 4th 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, which set the guideline value at Rs 1,340 per sq.ft, the value has increased to Rs 2,200 per sq.ft in 2024, marking a change of +64%.

What are the guideline values for other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have a guideline value of Rs 2,200 per sq.ft as well. This includes Panaiyur M.G.R. 1st, 2nd, 3rd, 5th, 6th, and 7th Roads.

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 the stamp duty calculated for properties in this area?

Stamp duty for properties in the area is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are calculated at 2% of the guideline value.