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Guideline Value

Corporate

Guideline Value for VILLAGE MAIN ROAD 8TH CROSS STREET

₹2200/sq.ft.

The guideline value for Village Main Road 8th 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 8th Cross Street

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Village Main Road 8th Cross Street guideline value

The current guideline value of Village Main Road 8th 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 8th Cross Street has changed

The guideline value register for Village Main Road 8th Cross Street has no figures 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. The most recent revision in 2024 shows an increase to Rs 2,200 per sq.ft, marking a change of +10% from the previous year.

As of 2024, the guideline value for this street aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 that carry a 2024 figure, which ranges from Rs 1,000 to Rs 8,800 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary across different streets. The median value for the area is Rs 2,200 per sq.ft, which is the same as the guideline value for Village Main Road 8th Cross Street. The following are other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Village Main Road 8th 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 to Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Village Main Road 8th Cross Street?

The Sub Registrar Office that covers Village Main Road 8th 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 more information.

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

The guideline value is a critical factor during property registration in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the appropriate taxes are calculated based on the property's value, thus facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Village Main Road 8th Cross Street?

The current guideline value of Village Main Road 8th 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 seen an increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, which is a change of +10%. There are no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the registration office for Village Main Road 8th Cross Street?

The registration office for Village Main Road 8th 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.

What land classification does Village Main Road 8th Cross Street fall under?

Village Main Road 8th Cross Street falls under the Residential Class II Type - III land classification as per the guidelines provided.