Guideline Value for TECHNICAL STAFF QUARTERS COLONY (NEAR T.N.H.B)

Technical Staff Quarters Colony (Near T.N.H.B) guideline value

The current guideline value for Technical Staff Quarters Colony (Near T.N.H.B) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Technical Staff Quarters Colony (Near T.N.H.B) has changed

The guideline value for Technical Staff Quarters Colony was revised in 2017 to Rs 2,010 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,300 per sq.ft, marking a significant change of +64% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The 2024 revision reflects a notable increase in the guideline value compared to the earlier figures.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a guideline value for 2024 ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, and the guideline value for Technical Staff Quarters Colony is above this median.

• Tesco Heaven Colony: Rs 3,300 per sq.ft (2024)
• Tamil Nadu Housing Board Prathana Salai: Rs 3,900 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 3,900 per sq.ft (2024)
• Syamala Garden: Rs 4,400 per sq.ft (2024)
• S.V.Sankar Salai (Near Canal): Rs 1,700 per sq.ft (2024)
• S.V.NATARJA NAGAR 1st STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Technical Staff Quarters Colony (Near T.N.H.B)

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Technical Staff Quarters Colony (Near T.N.H.B)?

The Technical Staff Quarters Colony (Near T.N.H.B) 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 Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1. It serves as the basis for calculating stamp duty and registration fees, which are essential costs when buying or selling property.

When you register a property, the guideline value is considered to ensure that the transaction reflects the current market conditions. This helps maintain transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value for Technical Staff Quarters Colony?

The current guideline value for Technical Staff Quarters Colony (Near T.N.H.B) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is an increase of +64%.

What are the other streets in Sholinganallur - 1 with their guideline values?

Other streets in Sholinganallur - 1 include Tesco Heaven Colony and S.V.NATARJA NAGAR 1st STREET, both at Rs 3,300 per sq.ft, among others with varying rates.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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.