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Guideline Value

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Guideline Value for TAMILNADU HOUSING BOARD & SUNAMI NAGAR

₹1100/sq.ft.

The guideline value for Tamilnadu Housing Board & Sunami Nagar in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chemmancheri

Village

Neelankarai

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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 Tamilnadu Housing Board & Sunami Nagar

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Tamilnadu Housing Board & Sunami Nagar guideline value

The current guideline value for Tamilnadu Housing Board & Sunami Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village, under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Tamilnadu Housing Board & Sunami Nagar has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and finally, the current rate is Rs 1,100 per sq.ft as of the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes have been notable. The increase from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024 represents a 10% rise. The jump from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 marks a significant 49% increase. However, the value dropped by 33% from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, indicating that the guideline value for Tamilnadu Housing Board & Sunami Nagar is below this median.

Stamp duty and registration fee for property in Tamilnadu Housing Board & Sunami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamilnadu Housing Board & Sunami Nagar?

The Tamilnadu Housing Board & Sunami Nagar 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 Chemmancheri

The guideline value is a crucial factor when registering property in Chemmancheri, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that the registration process is transparent and reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Tamilnadu Housing Board & Sunami Nagar?

The current guideline value for Tamilnadu Housing Board & Sunami Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Tamilnadu Housing Board & Sunami Nagar is Residential Class IV 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 the stamp duty calculated for properties in Tamilnadu Housing Board & Sunami Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.