Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 7th AVENUE

₹4400/sq.ft.

The guideline value for Sea Shore Town 7th 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 7th Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

SEA SHORE TOWN 7th AVENUE guideline value

The current guideline value of SEA SHORE TOWN 7th AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Special Type - V.

How the guideline value of SEA SHORE TOWN 7th AVENUE has changed

The guideline value for SEA SHORE TOWN 7th AVENUE has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 4,000 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2023 guideline value was Rs 4,000 per sq.ft, and the previous revisions do not provide any figures for SEA SHORE TOWN 7th AVENUE. Therefore, the only available figures are from 2023 and 2024, showing a clear upward adjustment in the guideline value.

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 value for these streets is Rs 2,200 per sq.ft, placing SEA SHORE TOWN 7th AVENUE's 2024 figure above this median.

Stamp duty and registration fee for property in SEA SHORE TOWN 7th AVENUE

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SEA SHORE TOWN 7th AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 7th 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 when registering property transactions in Sholinganallur - 1. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buyers and sellers agree on a sale price, the higher of the sale price or the guideline value is used for calculating the applicable duties. This ensures that transactions reflect the official valuation set by the registration authorities.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 7th AVENUE?

The current guideline value of SEA SHORE TOWN 7th AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

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.

What is the land classification for SEA SHORE TOWN 7th AVENUE?

SEA SHORE TOWN 7th AVENUE is classified as Residential Special Type - V.

Where can I find the registration office for SEA SHORE TOWN 7th AVENUE?

The registration office for SEA SHORE TOWN 7th AVENUE is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in SEA SHORE TOWN 7th AVENUE?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.