Guideline Value

Corporate

Guideline Value for THIRUNAVUKARASU GARDEN

₹1100/sq.ft.

The guideline value for Thirunavukarasu Garden 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 Thirunavukarasu Garden

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Thirunavukarasu Garden guideline value

The current guideline value of Thirunavukarasu Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Thirunavukarasu Garden has changed

The guideline value for Thirunavukarasu Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in guideline value is +10%. Notably, the jump from 2017 to 2023 was +49%, while the change from 2012 to 2017 was a decrease of -33%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Chemmancheri

In Chemmancheri, 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 guideline value for the village is Rs 1,700 per sq.ft, positioning Thirunavukarasu Garden's 2024 value below this median.

Stamp duty and registration fee for property in Thirunavukarasu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the 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, making the total Rs 99,000. 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 Thirunavukarasu Garden?

The Sub Registrar Office that covers Thirunavukarasu Garden 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chemmancheri. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented accurately according to government regulations.

When a property is sold, the guideline value is taken into account to determine the applicable fees, which are calculated based on the higher of the guideline value or the actual sale price. This process helps maintain transparency and compliance with local laws in property transactions.

Frequently asked questions

What is the current guideline value of Thirunavukarasu Garden?

The current guideline value of Thirunavukarasu Garden 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 back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Chemmancheri?

The median guideline value in Chemmancheri is Rs 1,700 per sq.ft, while Thirunavukarasu Garden's value is below this median.

What are the stamp duty rates for properties in Thirunavukarasu Garden?

The stamp duty for properties in Thirunavukarasu Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirunavukarasu Garden?

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