Guideline Value

Corporate

Guideline Value for PANAIYUR M.G.R. 5TH ROAD

₹2200/sq.ft.

The guideline value for Panaiyur M.g.r. 5th 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. 5th Road

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Panaiyur M.G.R. 5th Road guideline value

The current guideline value of Panaiyur M.G.R. 5th 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 it falls under the Residential Class II Type - III land classification.

How the guideline value of Panaiyur M.G.R. 5th Road has changed

The guideline value for Panaiyur M.G.R. 5th Road has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a notable increase from the 2017 revision of Rs 1,340 per sq.ft. This represents a change of +64% from 2017 to 2024. The register does not have figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, there are no recorded figures for the years mentioned. The 2017 figure of Rs 1,340 per sq.ft marked a change from previous years, but specific values for those earlier years are not available in the register.

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. 5th Road.

Stamp duty and registration fee for property in Panaiyur M.G.R. 5th 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panaiyur M.G.R. 5th Road?

The Sub Registrar Office that covers Panaiyur M.G.R. 5th 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 are payable when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price, with the higher amount being the basis for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Panaiyur M.G.R. 5th Road?

The current guideline value of Panaiyur M.G.R. 5th 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 by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 2,200 per sq.ft include Panaiyur M.G.R. 4th Road, Panaiyur M.G.R. 6th Road, Panaiyur M.G.R. 3rd Road, Panaiyur M.G.R. 7th Road, Panaiyur M.G.R. 2nd Road, and Panaiyur M.G.R. 8th Road.

Which Sub Registrar Office is responsible for Panaiyur M.G.R. 5th Road?

The Neelankarai Sub Registrar Office is responsible for Panaiyur M.G.R. 5th Road, 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 is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000 for a 1,000 sq.ft plot, the stamp duty would be calculated at 7% of that amount.