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Guideline Value

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Guideline Value for Periya Neelankarai Kuppam 10th Cross Street

₹1700/sq.ft.

The guideline value for Periya Neelankarai Kuppam 10th Cross Street in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
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 Periya Neelankarai Kuppam 10th Cross Street

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Periya Neelankarai Kuppam 10th Cross Street guideline value

The current guideline value of Periya Neelankarai Kuppam 10th Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Periya Neelankarai Kuppam 10th Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure was then revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further to Rs 1,700 per sq.ft in 2024, reflecting a rise of 13% from the previous year. There are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 13%. The jump from 2017 to 2023 saw a notable increase of 49%, indicating fluctuations in the guideline values over the years.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Periya Neelankarai Kuppam 10th Cross Street is below this median.

Stamp duty and registration fee for property in Periya Neelankarai Kuppam 10th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that 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 Periya Neelankarai Kuppam 10th Cross Street?

The Sub Registrar Office that covers Periya Neelankarai Kuppam 10th Cross 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 Neelankarai

The guideline value is a crucial factor in the registration of property transactions in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of properties in the area.

When you buy or sell property, the guideline value helps ensure that the transaction is documented at a value that reflects the current market conditions. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Periya Neelankarai Kuppam 10th Cross Street?

The current guideline value of Periya Neelankarai Kuppam 10th Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, which is a 13% rise. The value also increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 49% increase.

What is the land classification for this street?

Periya Neelankarai Kuppam 10th Cross Street is classified as Residential Class III Type - I, indicating its use for residential purposes.

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

The stamp duty for properties in Periya Neelankarai Kuppam is 7%, and the registration fee is 2%. For example, a 1,000 sq.ft plot valued at Rs 17,00,000 would incur a total fee of Rs 1,53,000.

Which Sub Registrar Office covers Periya Neelankarai Kuppam 10th Cross Street?

The Neelankarai Sub Registrar Office covers Periya Neelankarai Kuppam 10th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.