Guideline Value for SEA SHORE TOWN 5th AVENUE

₹4400/sq.ft.

The guideline value for Sea Shore Town 5th Avenue in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 5th Avenue

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SEA SHORE TOWN 5th AVENUE guideline value

The current guideline value of SEA SHORE TOWN 5th 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 5th AVENUE has changed

The guideline value register does not have figures for SEA SHORE TOWN 5th AVENUE for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 4,400 per sq.ft.

As there are no figures recorded for the previous years, the current guideline value remains unchanged from the 2024 revision. Thus, there have been no changes in the guideline value for this street across the available revisions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 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 5th AVENUE's value above this median.

Stamp duty and registration fee for property in SEA SHORE TOWN 5th 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 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. 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 details.

Which Sub Registrar Office covers SEA SHORE TOWN 5th AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 5th 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 information.

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

The guideline value is a crucial factor in the registration process for 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 reflected accurately in official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 5th AVENUE?

The current guideline value of SEA SHORE TOWN 5th AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024.

What is the land classification for SEA SHORE TOWN 5th AVENUE?

SEA SHORE TOWN 5th AVENUE is classified as Residential Special Type - V.

How does the guideline value compare to other streets in Sholinganallur - 1?

The guideline value of SEA SHORE TOWN 5th AVENUE is Rs 4,400 per sq.ft, which is above the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1.

What are the registration fees for property in SEA SHORE TOWN 5th AVENUE?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles registrations for SEA SHORE TOWN 5th AVENUE?

The Neelankarai Sub Registrar Office handles registrations for SEA SHORE TOWN 5th AVENUE, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.