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Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 2nd AVENUE

₹4400/sq.ft.

The guideline value for Sea Shore Town 2nd 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 2nd Avenue

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SEA SHORE TOWN 2nd AVENUE guideline value

The current guideline value of SEA SHORE TOWN 2nd AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO, with a land classification of Residential Special Type - V.

How the guideline value of SEA SHORE TOWN 2nd AVENUE has changed

In the 2023 revision, the guideline value for SEA SHORE TOWN 2nd AVENUE was Rs 4,000 per sq.ft. The increase from 2023 to 2024 is noted as +10%, bringing the current value to Rs 4,400 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

To summarize the revisions, the guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. This reflects the most recent update in the guideline value register.

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 guideline value for this area is Rs 2,200 per sq.ft, indicating that SEA SHORE TOWN 2nd AVENUE's current value is above this median.

Stamp duty and registration fee for property in SEA SHORE TOWN 2nd 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, 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 2nd AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 2nd 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it serves as a reference point for calculating stamp duty and registration fees. When buying or selling property, the guideline value is used to determine the official value of the property for registration purposes.

It is important to note that the guideline value can impact the overall cost of property transactions, as the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the registration process is aligned with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 2nd AVENUE?

The current guideline value of SEA SHORE TOWN 2nd AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased 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 2017, 2012, 2007, 2003, and 2002.

What is the land classification for SEA SHORE TOWN 2nd AVENUE?

SEA SHORE TOWN 2nd AVENUE is classified as Residential Special Type - V, which indicates its designated use within the local planning framework.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles property registrations for SEA SHORE TOWN 2nd AVENUE?

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