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Guideline Value

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Guideline Value for PARAMESWARAN NAGAR MAYANA PATHAI (KANNIYAPPA STREET)

₹2200/sq.ft.

The guideline value for Parameswaran Nagar Mayana Pathai (kanniyappa Street) 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 Parameswaran Nagar Mayana Pathai (kanniyappa Street)

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Parameswaran Nagar Mayana Pathai (Kanniyappa Street) guideline value

The current guideline value of Parameswaran Nagar Mayana Pathai (Kanniyappa Street) 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, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Parameswaran Nagar Mayana Pathai (Kanniyappa Street) has changed

The guideline value for Parameswaran Nagar Mayana Pathai (Kanniyappa Street) has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,200 per sq.ft, marking a significant change of +64% from the 2017 figure.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only changes noted are from 2017 to 2024.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a guideline value for 2024, 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 Parameswaran Nagar Mayana Pathai (Kanniyappa Street).

Stamp duty and registration fee for property in Parameswaran Nagar Mayana Pathai (Kanniyappa Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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 fees to Rs 1,98,000. Please note that 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 detailed calculations.

Which Sub Registrar Office covers Parameswaran Nagar Mayana Pathai (Kanniyappa Street)?

The Sub Registrar Office covering Parameswaran Nagar Mayana Pathai (Kanniyappa Street) 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 is a crucial factor in property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the registration fee and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the government and the buyer are aware of the property's value during the transaction.

Frequently asked questions

What is the current guideline value of Parameswaran Nagar Mayana Pathai (Kanniyappa Street)?

The current guideline value of Parameswaran Nagar Mayana Pathai (Kanniyappa Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing an increase of +64%.

Are there any years with no recorded guideline value for this street?

Yes, the years 2023, 2012, 2007, 2003, and 2002 have no recorded guideline value for Parameswaran Nagar Mayana Pathai (Kanniyappa Street).

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.

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.