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Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 3rd MAIN ROAD

₹4400/sq.ft.

The guideline value for Sea Shore Town 3rd 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 3rd Main Road

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SEA SHORE TOWN 3rd MAIN ROAD guideline value

The current guideline value of SEA SHORE TOWN 3rd MAIN ROAD is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Special Type - V.

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

The guideline value for SEA SHORE TOWN 3rd MAIN ROAD has seen significant changes over the years. The earliest recorded revision was in 2017, when the value was Rs 2,680 per sq.ft. This figure increased to Rs 4,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing SEA SHORE TOWN 3rd MAIN ROAD above this median.

Stamp duty and registration fee for property in SEA SHORE TOWN 3rd MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SEA SHORE TOWN 3rd MAIN ROAD?

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

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

The guideline value is a crucial factor during the registration of properties in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you proceed with a transaction, the guideline value ensures that the fees are calculated based on a standardized value, thereby promoting transparency and reducing discrepancies in property transactions.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 3rd MAIN ROAD?

The current guideline value of SEA SHORE TOWN 3rd 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, reflecting a total 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 Sub Registrar Office covers SEA SHORE TOWN 3rd MAIN ROAD?

The Neelankarai Sub Registrar Office covers SEA SHORE TOWN 3rd MAIN ROAD, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of SEA SHORE TOWN 3rd MAIN ROAD?

SEA SHORE TOWN 3rd MAIN ROAD is classified as Residential Special Type - V, indicating its intended use for residential purposes.