Guideline Value for SHORE LINE INSTITUTE

Shore Line Institute guideline value

The current guideline value of Shore Line Institute in Uthandi village, under the Neelankarai SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification.

How the guideline value of Shore Line Institute has changed

The guideline value for Shore Line Institute has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and most recently, it rose to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Shore Line Institute is below this median.

• Shreyas Samudhra Ranganathan Avenue: Rs 2,800 per sq.ft (2024)
• Shanmugam Garden: Rs 1,100 per sq.ft (2024)
• Sir.C.V.Raman Salai: Rs 3,300 per sq.ft (2024)
• Senkazhani Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Senkazhani Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Sengalani Amman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Shore Line Institute

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shore Line Institute?

The Shore Line Institute 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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthandi

The guideline value is a critical factor in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shore Line Institute?

The current guideline value of Shore Line Institute is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and then increasing to Rs 1,000 per sq.ft in 2023, before reaching Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for Shore Line Institute?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Shore Line Institute?

The Neelankarai Sub Registrar Office covers Shore Line Institute, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Shore Line Institute?

Shore Line Institute is classified under Residential Class III Type - I as per the guideline value register.