Guideline Value for SEA SHELL AVENUE EXTENSION

Sea Shell Avenue Extension guideline value

The current guideline value of Sea Shell Avenue Extension is Rs 4,400 per sq.ft. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Special Type - V.

How the guideline value of Sea Shell Avenue Extension has changed

The guideline value for Sea Shell Avenue Extension has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a change of +10%.

In summary, the 2024 revision shows a current guideline value of Rs 4,400 per sq.ft, up from Rs 4,000 per sq.ft in 2023. This increase indicates a significant adjustment in the valuation of properties on this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, positioning Sea Shell Avenue Extension above the median.

• Sea Shell Avenue: Rs 4,400 per sq.ft (2024)
• SEA SHORE TOWN 10th AVENUE: Rs 4,400 per sq.ft (2024)
• Sea Cliff Conclave: Rs 5,500 per sq.ft (2024)
• SEA SHORE TOWN 11th AVENUE: Rs 4,400 per sq.ft (2024)
• SEA SHORE TOWN 12th AVENUE: Rs 4,400 per sq.ft (2024)
• SEA SHORE TOWN 13th AVENUE: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sea Shell Avenue Extension

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that 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 Sea Shell Avenue Extension?

The Sea Shell Avenue Extension 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, visit find your SRO.

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

The guideline value is essential during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of properties.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions comply with local regulations.

Frequently asked questions

What is the current guideline value of Sea Shell Avenue Extension?

The current guideline value of Sea Shell Avenue Extension is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sea Shell Avenue Extension?

Sea Shell Avenue Extension is classified as Residential Special Type - V. This classification is important for understanding the types of properties and their uses in the area.

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. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Sea Shell Avenue Extension?

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 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.