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Guideline Value

Corporate

Guideline Value for VILLAGE MAIN ROAD 14TH CROSS STREET

₹2200/sq.ft.

The guideline value for Village Main Road 14th Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Village Main Road 14th Cross Street

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Village Main Road 14th Cross Street guideline value

The current guideline value of Village Main Road 14th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Village Main Road 14th Cross Street has changed

The guideline value for Village Main Road 14th Cross Street has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,000 per sq.ft. Following this, the 2024 revision increased the value by 10%, bringing it to Rs 2,200 per sq.ft.

This 2024 figure is significant as it aligns with the median value for the 754 streets in Sholinganallur - 1, which range from Rs 1,000 to Rs 8,800 per sq.ft. The median for these streets is Rs 2,200 per sq.ft, making the current guideline value of Village Main Road 14th Cross Street equal to this median.

Guideline values in Sholinganallur - 1

The guideline values for the streets in Sholinganallur - 1 vary, with the 2024 figures reflecting a range of Rs 1,000 to Rs 8,800 per sq.ft. Village Main Road 14th Cross Street's value of Rs 2,200 per sq.ft is positioned at the median of this range.

Stamp duty and registration fee for property in Village Main Road 14th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Village Main Road 14th Cross Street?

The Sub Registrar Office that covers Village Main Road 14th Cross Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It is used to calculate the stamp duty and registration fees, which are mandatory expenses during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Village Main Road 14th Cross Street?

The current guideline value of Village Main Road 14th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Village Main Road 14th Cross Street?

Village Main Road 14th Cross Street is classified under Residential Class II Type - III. This classification indicates the type of development allowed in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would amount to Rs 1,54,000.

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. This office handles the registration of properties in the area.