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Guideline Value

Corporate

Guideline Value for SUBURAYAN NAGAR 2ND MAIN ROAD

₹2800/sq.ft.

The guideline value for Suburayan Nagar 2nd Main Road in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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 Suburayan Nagar 2nd Main Road

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Suburayan Nagar 2nd Main Road guideline value

The current guideline value of Suburayan Nagar 2nd Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Suburayan Nagar 2nd Main Road has changed

Over the years, the guideline value for Suburayan Nagar 2nd Main Road has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous figure of Rs 1,675 per sq.ft in 2017. The 2023 revision then increased the value to Rs 2,500 per sq.ft, followed by a further increase of 12% to Rs 2,800 per sq.ft in 2024.

Overall, from 2012 to 2024, the guideline value has increased by 12%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing the 2024 figure for Suburayan Nagar 2nd Main Road below this median.

Stamp duty and registration fee for property in Suburayan Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total charges to Rs 2,52,000. It is important to note that 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 Suburayan Nagar 2nd Main Road?

The Sub Registrar Office that covers Suburayan Nagar 2nd Main Road 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 Okkiyamthuraipakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property must be registered. When buying or selling property in Okkiyamthuraipakkam, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs in the registration process.

During registration, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with the local regulations and helps in the accurate assessment of taxes associated with the property transaction.

Frequently asked questions

What is the current guideline value of Suburayan Nagar 2nd Main Road?

The current guideline value of Suburayan Nagar 2nd Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking a 12% increase. It was Rs 1,675 per sq.ft in 2017, which was a 49% increase from the previous value.

What is the land classification for Suburayan Nagar 2nd Main Road?

Suburayan Nagar 2nd Main Road is classified as Residential Class II Type - II. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the Neelankarai Sub Registrar Office?

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

How is the stamp duty calculated for properties in Suburayan Nagar 2nd Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,96,000 based on the guideline value.