Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 12th AVENUE

₹4400/sq.ft.

The guideline value for Sea Shore Town 12th Avenue in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /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 Sea Shore Town 12th Avenue

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SEA SHORE TOWN 12th AVENUE guideline value

The current guideline value of SEA SHORE TOWN 12th 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 12th AVENUE has changed

The guideline value for SEA SHORE TOWN 12th AVENUE has seen several revisions over the years. In 2017, the guideline value was Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant at 49%, reflecting a notable change in the guideline value during that period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values 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, placing SEA SHORE TOWN 12th AVENUE's 2024 figure above that median.

Stamp duty and registration fee for property in SEA SHORE TOWN 12th AVENUE

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers SEA SHORE TOWN 12th AVENUE?

SEA SHORE TOWN 12th AVENUE 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 when buying or selling property in Sholinganallur - 1. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and compliance with local regulations during the sale process.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 12th AVENUE?

The current guideline value of SEA SHORE TOWN 12th AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 64%.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 4,400 per sq.ft include SEA SHORE TOWN 11th AVENUE, SEA SHORE TOWN 13th AVENUE, SEA SHORE TOWN 10th AVENUE, SEA SHORE TOWN 1st AVENUE, Sea Shell Avenue Extension, and SEA SHORE TOWN 1st MAIN ROAD.

What is the registration fee for property in SEA SHORE TOWN 12th AVENUE?

The registration fee for property in SEA SHORE TOWN 12th AVENUE is calculated at 2% of the guideline value. For a plot valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Which office handles registrations for SEA SHORE TOWN 12th AVENUE?

The Neelankarai Sub Registrar Office handles registrations for SEA SHORE TOWN 12th AVENUE. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.