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Guideline Value

Corporate

Guideline Value for URATCHI ONDIRYA SCHOOL STREET EXTENSION

₹1700/sq.ft.

The guideline value for Uratchi Ondirya School Street Extension in Sholinganallur - 1 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV 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 N/A
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 Uratchi Ondirya School Street Extension

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Uratchi Ondirya School Street Extension guideline value

The current guideline value of Uratchi Ondirya School Street Extension is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Uratchi Ondirya School Street Extension has changed

The guideline value for Uratchi Ondirya School Street Extension has seen significant changes over the years. In 2017, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 raised the guideline value to Rs 1,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was an increase of 49%, followed by a further increase of 13% from 2023 to 2024. Overall, the guideline value has risen by 69% from 2017 to 2024.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, placing the guideline value of Uratchi Ondirya School Street Extension below this median.

Stamp duty and registration fee for property in Uratchi Ondirya School Street Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the 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, bringing the total to 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uratchi Ondirya School Street Extension?

The Sub Registrar Office that covers Uratchi Ondirya School Street Extension is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find more information, you can find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role when buying or selling property in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately, and the appropriate fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Uratchi Ondirya School Street Extension?

The current guideline value of Uratchi Ondirya School Street Extension is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking a total increase of 69% over this period.

What is the registration office for this area?

The registration office for Uratchi Ondirya School Street Extension is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for properties here?

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.

What is the land classification of Uratchi Ondirya School Street Extension?

The land classification for Uratchi Ondirya School Street Extension is Residential Class IV Type - I.