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Guideline Value

Corporate

Guideline Value for SUBURAYAN NAGAR 2ND STREET

₹2800/sq.ft.

The guideline value for Suburayan Nagar 2nd Street 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 Street

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Suburayan Nagar 2nd Street guideline value

The current guideline value of Suburayan Nagar 2nd Street 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 Street has changed

Over the years, the guideline value of Suburayan Nagar 2nd Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,800 per sq.ft in the 2024 revision.

In terms of percentage changes, there was a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023. The most recent increase from 2023 to 2024 reflects a rise of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

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 value is Rs 3,300 per sq.ft, making the current guideline value of Suburayan Nagar 2nd Street below the median.

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

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 to Rs 2,52,000. Please note that the 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 Street?

The Sub Registrar Office that covers Suburayan Nagar 2nd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find more information, you can find your SRO.

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

When buying or selling property in Okkiyamthuraipakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The value is used to calculate the fees that buyers must pay at the time of registration, ensuring that the transaction is officially recognized.

It is important to be aware that the guideline value is subject to periodic revisions, and these changes can affect the overall cost of property transactions. Buyers and sellers should stay informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of Suburayan Nagar 2nd Street 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 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Suburayan Nagar 2nd Street?

Suburayan Nagar 2nd Street is classified as Residential Class II Type - II.

How does the guideline value compare to other streets in Okkiyamthuraipakkam?

The guideline value of Rs 2,800 per sq.ft for Suburayan Nagar 2nd Street is below the median value of Rs 3,300 per sq.ft for the 453 streets in Okkiyamthuraipakkam.

Where can I find the Sub Registrar Office for this area?

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