Guideline Value for SOUTH BORDER LANE PATTAI SALAI

South Border Lane Pattai Salai guideline value

The current guideline value of South Border Lane Pattai Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of South Border Lane Pattai Salai has changed

The guideline value for South Border Lane Pattai Salai has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 1,100 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,700 per sq.ft, placing South Border Lane Pattai Salai's 2024 figure below that median.

• Spic Gel Co: Rs 3,300 per sq.ft (2024)
• Sri Alamelumangapuram: Rs 1,700 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Sity Babu Garden: Rs 1,100 per sq.ft (2024)
• Sri Ganapathi Nagar Colony: Rs 3,300 per sq.ft (2024)
• Simrise Pvt. Ltd., Co - II: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in South Border Lane Pattai Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 South Border Lane Pattai Salai?

The South Border Lane Pattai Salai 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Chemmancheri, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of South Border Lane Pattai Salai?

The current guideline value of South Border Lane Pattai Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office handles registrations for South Border Lane Pattai Salai?

The Neelankarai Sub Registrar Office handles registrations for South Border Lane Pattai Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is the guideline value determined in Chemmancheri?

The guideline value in Chemmancheri is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in the property market.