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Guideline Value

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Guideline Value for Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street

₹2800/sq.ft.

The guideline value for Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street 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 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 Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street

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Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street guideline value

The current guideline value for Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street 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 Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street has changed

The guideline value for this street has seen several revisions over the years. 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. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 2,500 in 2012 to Rs 1,675 in 2017, then up to Rs 2,500 in 2023, and finally to Rs 2,800 in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry 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 the guideline value of Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street above this median.

Stamp duty and registration fee for property in Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross 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 cost to 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.

You can use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street?

The Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street 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 in property transactions in Neelankarai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is accurately valued for taxation purposes. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street?

The current guideline value for Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross 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 in 2012 to Rs 1,675 in 2017, then increased to Rs 2,500 in 2023, and finally to Rs 2,800 in 2024.

What is the land classification for this street?

Saraswathi Nagar Souh 2nd Pirathana Salai 2nd Cross Street is classified as Residential Class II Type - II.

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 stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.