Guideline Value

Corporate

Guideline Value for Santhi Beach Avenue

₹2800/sq.ft.

The guideline value for Santhi Beach Avenue in Neelankarai 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

Neelankarai

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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹94 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹86 /sq.ft.
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 Santhi Beach Avenue

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Santhi Beach Avenue guideline value

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

How the guideline value of Santhi Beach Avenue has changed

The guideline value of Santhi Beach Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 86 per sq.ft, which increased to Rs 94 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 500 per sq.ft, reflecting a substantial increase of 432%. The 2012 revision brought the value to Rs 2,500 per sq.ft, a decrease of 400% from the previous figure. However, the value rebounded to Rs 1,675 per sq.ft in 2017, indicating a 33% decline from 2012. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 raised it to Rs 2,800 per sq.ft, showing a 12% increase.

Overall, from 2002 to 2024, the guideline value has increased by 3,156%. The register has no figure for the years in between these revisions for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Santhi Beach Avenue's 2024 figure above that median.

Stamp duty and registration fee for property in Santhi Beach Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. 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 Santhi Beach Avenue?

Santhi Beach Avenue falls under 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 Neelankarai

The guideline value is a crucial factor when registering property in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable fees based on the higher of the guideline value or the sale price. This ensures that the financial obligations are met according to the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Santhi Beach Avenue?

The current guideline value of Santhi Beach Avenue 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 significantly, starting from Rs 86 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 3,156%.

What is the land classification for Santhi Beach Avenue?

Santhi Beach Avenue is classified as Residential Class II Type - II.

Which Sub Registrar Office covers Santhi Beach Avenue?

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

How is stamp duty calculated for properties in Santhi Beach Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the stamp duty would be Rs 1,96,000.