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Guideline Value

Corporate

Guideline Value for PANCHAYAT UNION SCHOOL STREET & ROAD

₹2800/sq.ft.

The guideline value for Panchayat Union School Street & Road in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chemmancheri

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹87 /sq.ft.
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 Panchayat Union School Street & Road

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Panchayat Union School Street & Road guideline value

The current guideline value of Panchayat Union School Street & Road is Rs 2,800 per sq.ft. This street is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Panchayat Union School Street & Road has changed

Over the years, the guideline value for Panchayat Union School Street & Road has seen significant changes. In 2003, the guideline value was Rs 87 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a substantial rise of 130%. The value then surged dramatically to Rs 2,500 per sq.ft in 2012, reflecting a remarkable increase of 1150%. However, from 2012 to 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. Following this, the value rose to Rs 2,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 saw the value rise to Rs 2,800 per sq.ft, an increase of 12% from the previous year.

It is important to note that the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by a remarkable 3118%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing the 2024 figure for Panchayat Union School Street & Road above this median.

Stamp duty and registration fee for property in Panchayat Union School Street & Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, this totals Rs 2,52,000. It is important to note that 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 Panchayat Union School Street & Road?

The Sub Registrar Office covering Panchayat Union School Street & 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 Chemmancheri

The guideline value plays a crucial role in property transactions in Chemmancheri. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When registering a property, it is essential to provide accurate details to ensure that the correct guideline value is applied. This ensures compliance with local regulations and helps avoid any potential legal issues in the future.

Frequently asked questions

What is the current guideline value for Panchayat Union School Street & Road?

The current guideline value for Panchayat Union School Street & Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 87 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 3118% over the years.

What is the land classification for this street?

Panchayat Union School Street & Road is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Panchayat Union School Street & Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is 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, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.