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Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 3RD STREET

₹4400/sq.ft.

The guideline value for Sea Shore Town 3rd Street 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 3rd Street

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Sea Shore Town 3rd Street guideline value

The current guideline value of Sea Shore Town 3rd Street is Rs 4,400 per sq.ft. 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 3rd Street has changed

According to the guideline value register, there are no figures available for Sea Shore Town 3rd Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 4,000 per sq.ft, which was then increased to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase.

The current 2024 guideline value reflects the most recent changes, with the previous figure from 2023 being Rs 4,000 per sq.ft. The increase from 2023 to 2024 is significant, showing a clear upward adjustment in the guideline value for this street.

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 the area is Rs 2,200 per sq.ft, making the 2024 figure for Sea Shore Town 3rd Street above the median.

Stamp duty and registration fee for property in Sea Shore Town 3rd Street

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sea Shore Town 3rd Street?

The Sub Registrar Office that covers Sea Shore Town 3rd Street 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 crucial during the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are aligned with the current value of the property as per the official register.

Frequently asked questions

What is the current guideline value of Sea Shore Town 3rd Street?

The current guideline value of Sea Shore Town 3rd Street is Rs 4,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Sea Shore Town 3rd Street was Rs 4,000 per sq.ft in 2023 and increased to Rs 4,400 per sq.ft in 2024, representing a 10% increase.

What is the land classification for Sea Shore Town 3rd Street?

The land classification for Sea Shore Town 3rd Street is Residential Special Type - V.

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.

How is the stamp duty calculated for properties in Sea Shore Town 3rd Street?

The stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.