Guideline Value

Corporate

Guideline Value for SEA SHORE TOWN 8th AVENUE

₹4400/sq.ft.

The guideline value for Sea Shore Town 8th 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 8th Avenue

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SEA SHORE TOWN 8th AVENUE guideline value

The current guideline value of SEA SHORE TOWN 8th AVENUE is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Special Type - V.

How the guideline value of SEA SHORE TOWN 8th AVENUE has changed

The guideline value for SEA SHORE TOWN 8th AVENUE has undergone several revisions over the years. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, an increase of 10% from the 2023 figure of Rs 4,000 per sq.ft. Prior to these revisions, the register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

The 2023 revision marked the first recorded value for this street, which was Rs 4,000 per sq.ft. The previous years, including 2017, 2012, 2007, 2003, and 2002, do not have any guideline value figures listed for SEA SHORE TOWN 8th AVENUE.

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 8th AVENUE's 2024 figure above that median.

Stamp duty and registration fee for property in SEA SHORE TOWN 8th AVENUE

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value totals 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SEA SHORE TOWN 8th AVENUE?

The Sub Registrar Office that covers SEA SHORE TOWN 8th 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 during property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when registering a property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are levied. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties.

Frequently asked questions

What is the current guideline value of SEA SHORE TOWN 8th AVENUE?

The current guideline value of SEA SHORE TOWN 8th 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 has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of SEA SHORE TOWN 8th AVENUE?

SEA SHORE TOWN 8th AVENUE is classified as Residential Special Type - V. This classification is important for understanding the usage and potential development of the property.

What are the stamp duty and registration fees for properties in SEA SHORE TOWN 8th AVENUE?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for SEA SHORE TOWN 8th AVENUE located?

The Neelankarai Sub Registrar Office covers SEA SHORE TOWN 8th AVENUE and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.