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Guideline Value

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Guideline Value for Siron Mani Nagar (Canal West)

₹1700/sq.ft.

The guideline value for Siron Mani Nagar (canal West) in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹122 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹112 /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 Siron Mani Nagar (canal West)

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Siron Mani Nagar (Canal West) guideline value

The current guideline value of Siron Mani Nagar (Canal West) is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Neelankarai village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Siron Mani Nagar (Canal West) has changed

The guideline value for Siron Mani Nagar (Canal West) has seen several revisions over the years. In 2002, the guideline value was Rs 112 per sq.ft, which increased to Rs 122 per sq.ft in 2003. Following this, the value rose significantly to Rs 250 per sq.ft in 2007, marking an increase of 105%. The value remained at Rs 1,500 per sq.ft in 2012, but then saw a decrease of 33% to Rs 1,005 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 1,500 per sq.ft, before it increased to the current Rs 1,700 per sq.ft in 2024, reflecting a change of 13%.

Overall, from 2002 to 2024, the guideline value has increased by 1,418%. There are no figures available for the revisions in the years not mentioned for this street.

Guideline values in Neelankarai

In Neelankarai village, 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, with a median value of Rs 2,200 per sq.ft. The guideline value for Siron Mani Nagar (Canal West) is below this median.

Stamp duty and registration fee for property in Siron Mani Nagar (Canal West)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siron Mani Nagar (Canal West)?

The Sub Registrar Office that covers Siron Mani Nagar (Canal West) 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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Neelankarai. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Siron Mani Nagar (Canal West)?

The current guideline value of Siron Mani Nagar (Canal West) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 112 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, showing an overall increase of 1,418% over the years.

What is the stamp duty rate for property transactions in Siron Mani Nagar?

The stamp duty rate for property transactions in Siron Mani Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

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

What are the other streets in Neelankarai with their guideline values?

Other streets in Neelankarai include Singaravelan South Street at Rs 3,300 per sq.ft, Singaravelan Pirathana Salai at Rs 4,400 per sq.ft, and several others, all of which have higher guideline values than Siron Mani Nagar (Canal West).