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Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 1st AVENUE

₹4400/sq.ft.

The guideline value for Sea Shore Town 1st 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 N/A
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 1st Avenue

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SEA SHORE TOWN 1st AVENUE guideline value

The current guideline value of SEA SHORE TOWN 1st 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 land classification of Residential Special Type - V.

How the guideline value of SEA SHORE TOWN 1st AVENUE has changed

In the 2023 revision, the guideline value was Rs 4,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 4,400 per sq.ft, marking a change of +10%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

With the 2024 revision, SEA SHORE TOWN 1st AVENUE's guideline value is now above the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 that carry a value in 2024, which range from Rs 1,000 to Rs 8,800 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary significantly. The current value for SEA SHORE TOWN 1st AVENUE is Rs 4,400 per sq.ft, which is higher than the median value for the area.

Stamp duty and registration fee for property in SEA SHORE TOWN 1st AVENUE

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SEA SHORE TOWN 1st AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 1st 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 an important factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay at the time of registration.

When a property is sold or purchased, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is processed according to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 1st AVENUE?

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

How much has the guideline value changed recently?

In the recent 2024 revision, the guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft, which is a change of +10%.

What is the land classification for SEA SHORE TOWN 1st AVENUE?

SEA SHORE TOWN 1st AVENUE falls under the land classification of Residential Special Type - V.

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

Other streets in Sholinganallur - 1 with the same guideline value of Rs 4,400 per sq.ft include SEA SHORE TOWN 13th AVENUE, SEA SHORE TOWN 1st MAIN ROAD, Sea Shore Town 1st Street, SEA SHORE TOWN 12th AVENUE, SEA SHORE TOWN 2nd AVENUE, and SEA SHORE TOWN 11th AVENUE.

Where can I find the Sub Registrar Office for SEA SHORE TOWN 1st AVENUE?

The Sub Registrar Office for SEA SHORE TOWN 1st AVENUE is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.