Guideline Value for SEA SHORE TOWN 10th AVENUE

SEA SHORE TOWN 10th AVENUE guideline value

The current guideline value of SEA SHORE TOWN 10th AVENUE is Rs 4,400 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 Special Type - V land classification.

How the guideline value of SEA SHORE TOWN 10th AVENUE has changed

The guideline value for SEA SHORE TOWN 10th AVENUE has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, an increase of 10% from the 2023 figure of Rs 4,000 per sq.ft. Prior to that, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. The previous revisions do not have any figures listed for this street, indicating that the current value reflects recent adjustments in the area.

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 guideline value for this area is Rs 2,200 per sq.ft, which means SEA SHORE TOWN 10th AVENUE's value is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. It is important to 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 SEA SHORE TOWN 10th AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 10th AVENUE 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 reference point during property registration in Sholinganallur - 1. It determines the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 10th AVENUE?

The current guideline value of SEA SHORE TOWN 10th AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase.

What is the land classification for SEA SHORE TOWN 10th AVENUE?

SEA SHORE TOWN 10th AVENUE is classified as Residential Special Type - V.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is below the current value of SEA SHORE TOWN 10th AVENUE.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.