Guideline Value for S.V.SANKAR SALAI (NEAR CANAL)

S.V.Sankar Salai (Near Canal) guideline value

The current guideline value of S.V.Sankar Salai (Near Canal) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of S.V.Sankar Salai (Near Canal) has changed

The guideline value register does not contain figures for S.V.Sankar Salai (Near Canal) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,700 per sq.ft.

Since there are no figures available for the previous revisions, the only change noted is the establishment of the 2024 guideline value. There have been no changes between the revisions that are recorded.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with the 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, placing S.V.Sankar Salai (Near Canal) below this median.

• S.V.NATARJA NAGAR 1st STREET: Rs 3,300 per sq.ft (2024)
• S.V.Natarajan Nagar: Rs 3,900 per sq.ft (2024)
• S.V. Ekambaram Street: Rs 2,800 per sq.ft (2024)
• Syamala Garden: Rs 4,400 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 3,900 per sq.ft (2024)
• Tamil Nadu Housing Board Prathana Salai: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in S.V.Sankar Salai (Near Canal)

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 information.

Which Sub Registrar Office covers S.V.Sankar Salai (Near Canal)?

The S.V.Sankar Salai (Near Canal) falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of S.V.Sankar Salai (Near Canal)?

The current guideline value of S.V.Sankar Salai (Near Canal) is Rs 1,700 per sq.ft, effective from 1 July 2024.

Which Sub Registrar Office covers S.V.Sankar Salai (Near Canal)?

The Neelankarai Sub Registrar Office covers S.V.Sankar Salai (Near Canal), 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 at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000.

What is the land classification of S.V.Sankar Salai (Near Canal)?

The land classification for S.V.Sankar Salai (Near Canal) is Residential Class IV Type - I.

Are there any previous guideline value revisions for this street?

The guideline value register does not contain figures for S.V.Sankar Salai (Near Canal) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.