Guideline Value

Corporate

Guideline Value for Sri Jaya Nagar

₹1700/sq.ft.

The guideline value for Sri Jaya Nagar 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹206 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹189 /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 Sri Jaya Nagar

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Sri Jaya Nagar guideline value

The current guideline value of Sri Jaya Nagar, located in Neelankarai village, is Rs 1,700 per sq.ft, effective from the 2024 revision. This area falls under the Neelankarai SRO and is classified as Residential Class III Type - I.

How the guideline value of Sri Jaya Nagar has changed

The guideline value for Sri Jaya Nagar has seen several revisions over the years. In 2002, the value was Rs 189 per sq.ft, which increased to Rs 206 per sq.ft in 2003. The subsequent revision in 2007 raised the value significantly to Rs 500 per sq.ft, followed by a jump to Rs 1,500 per sq.ft in 2012. However, the value dropped to Rs 1,005 per sq.ft in 2017. The latest revisions show a rise to Rs 1,500 per sq.ft in 2023, and the current value is Rs 1,700 per sq.ft as of 2024.

Notably, the change from 2023 to 2024 reflects an increase of 13%. From 2017 to 2023, there was a significant increase of 49%. The value saw a decrease of 33% from 2012 to 2017, while the jump from 2007 to 2012 was 200%. The increase from 2003 to 2007 was 143%, and from 2002 to 2003, it was 9%. Overall, from 2002 to 2024, the guideline value has increased by 799%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values 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, indicating that the guideline value of Sri Jaya Nagar is below this median.

Stamp duty and registration fee for property in Sri Jaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 Sri Jaya Nagar?

Sri Jaya Nagar is covered by 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 transactions in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable duties, ensuring that the registration process adheres to the regulations set by the authorities. This value helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sri Jaya Nagar?

The current guideline value of Sri Jaya Nagar 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 changed from Rs 189 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 799% over the years.

What is the median guideline value in Neelankarai?

The median guideline value for streets in Neelankarai is Rs 2,200 per sq.ft, which is higher than the current value of Sri Jaya Nagar.

What are the stamp duty and registration fees for property in Sri Jaya Nagar?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles property registrations for Sri Jaya Nagar?

The Neelankarai Sub Registrar Office handles registrations for Sri Jaya Nagar, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.