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Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 2nd MAIN ROAD

₹4400/sq.ft.

The guideline value for Sea Shore Town 2nd Main Road 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 2nd Main Road

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SEA SHORE TOWN 2nd MAIN ROAD guideline value

The current guideline value of SEA SHORE TOWN 2nd MAIN ROAD 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. The land classification for this area is Residential Special Type - V.

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

The guideline value for SEA SHORE TOWN 2nd MAIN ROAD has undergone several revisions since 2017. In 2017, the guideline value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means SEA SHORE TOWN 2nd MAIN ROAD's current figure is above this median.

Stamp duty and registration fee for property in SEA SHORE TOWN 2nd MAIN ROAD

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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers SEA SHORE TOWN 2nd MAIN ROAD?

The Sub Registrar Office that covers SEA SHORE TOWN 2nd MAIN ROAD 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 details.

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

The guideline value is a crucial figure used during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the guideline value helps determine the official value of the property for legal and tax purposes. It ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of SEA SHORE TOWN 2nd MAIN ROAD 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 increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 64% over this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for SEA SHORE TOWN 2nd MAIN ROAD?

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

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

The land classification for SEA SHORE TOWN 2nd MAIN ROAD is Residential Special Type - V.