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Guideline Value

Corporate

Guideline Value for SATHIYAVANI MUTHU 1ST CROSS STREET 1ST LANE

₹1700/sq.ft.

The guideline value for Sathiyavani Muthu 1st Cross Street 1st Lane in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /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 Sathiyavani Muthu 1st Cross Street 1st Lane

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Sathiyavani Muthu 1st Cross Street 1st Lane guideline value

The current guideline value of Sathiyavani Muthu 1st Cross Street 1st Lane is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sathiyavani Muthu 1st Cross Street 1st Lane has changed

The guideline value for Sathiyavani Muthu 1st Cross Street 1st Lane has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. The most recent 2024 revision shows an increase to Rs 1,700 per sq.ft, marking a change of +69% from the 2017 figure. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

This increase reflects the updated valuation process, with the 2024 figure being established based on various factors considered by the authorities. The substantial rise from 2017 to 2024 indicates a notable adjustment in the valuation of properties in this area.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that carry a 2024 guideline value. The values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Sathiyavani Muthu 1st Cross Street 1st Lane's 2024 guideline value of Rs 1,700 per sq.ft is below this median.

Stamp duty and registration fee for property in Sathiyavani Muthu 1st Cross Street 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, 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. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathiyavani Muthu 1st Cross Street 1st Lane?

The Sathiyavani Muthu 1st Cross Street 1st Lane is covered by 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, as it determines the minimum value at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for legal ownership transfer.

It is essential to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should consult the latest values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sathiyavani Muthu 1st Cross Street 1st Lane?

The current guideline value of Sathiyavani Muthu 1st Cross Street 1st Lane is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking a change of +69%.

What is the land classification of Sathiyavani Muthu 1st Cross Street 1st Lane?

Sathiyavani Muthu 1st Cross Street 1st Lane is classified as Residential Class IV Type - I.

Which office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Sathiyavani Muthu 1st Cross Street 1st Lane, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.