Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 4th MAIN ROAD

₹4400/sq.ft.

The guideline value for Sea Shore Town 4th 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 4th Main Road

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SEA SHORE TOWN 4th MAIN ROAD guideline value

The current guideline value of SEA SHORE TOWN 4th MAIN ROAD is Rs 4,400 per sq.ft, effective from 1 July 2024. This road 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 4th MAIN ROAD has changed

The guideline value for SEA SHORE TOWN 4th MAIN ROAD has seen significant changes over the years. The earliest recorded revision was in 2017, with a guideline value of 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 recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

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 value for these streets is Rs 2,200 per sq.ft, placing SEA SHORE TOWN 4th MAIN ROAD above the median.

Stamp duty and registration fee for property in SEA SHORE TOWN 4th 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 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 for these fees would be 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SEA SHORE TOWN 4th MAIN ROAD?

The Sub Registrar Office that covers SEA SHORE TOWN 4th 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 an essential factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that they are based on a standardized value rather than the negotiated sale price. This helps maintain consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 4th MAIN ROAD?

The current guideline value of SEA SHORE TOWN 4th MAIN ROAD is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for a property in SEA SHORE TOWN 4th MAIN ROAD?

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 4th MAIN ROAD?

SEA SHORE TOWN 4th MAIN ROAD is covered by the Neelankarai Sub Registrar Office, 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 4th MAIN ROAD?

SEA SHORE TOWN 4th MAIN ROAD is classified as Residential Special Type - V, indicating its designated use for residential purposes.