Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 3rd AVENUE

₹4400/sq.ft.

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

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SEA SHORE TOWN 3rd AVENUE guideline value

The current guideline value for SEA SHORE TOWN 3rd 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. The land classification for this area is Residential Special Type - V.

How the guideline value of SEA SHORE TOWN 3rd AVENUE has changed

In the 2023 revision, the guideline value for SEA SHORE TOWN 3rd AVENUE was Rs 4,000 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current value to Rs 4,400 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As we look at the revisions, the most recent change reflects a notable increase from the previous year. The guideline value has consistently risen, with the latest figure being above the median of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 that carry a 2024 figure.

Guideline values in Sholinganallur - 1

The guideline values in Sholinganallur - 1 vary significantly, ranging from Rs 1,000 to Rs 8,800 per sq.ft. SEA SHORE TOWN 3rd AVENUE, with its current guideline value of Rs 4,400 per sq.ft, is positioned above the median value for the area.

Stamp duty and registration fee for property in SEA SHORE TOWN 3rd 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, while the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers SEA SHORE TOWN 3rd AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 3rd 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 details.

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

The guideline value is a crucial factor during property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for SEA SHORE TOWN 3rd AVENUE?

The current guideline value for SEA SHORE TOWN 3rd 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, marking a 10% rise. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for SEA SHORE TOWN 3rd AVENUE?

SEA SHORE TOWN 3rd AVENUE is classified as Residential Special Type - V. This classification can influence the types of properties and developments allowed in the area.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. It is the office responsible for property registrations in this area.

How is stamp duty calculated for properties in SEA SHORE TOWN 3rd AVENUE?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000 at 7%.