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Guideline Value

Corporate

Guideline Value for VILLAGE MAIN ROAD 29th CROSS STREET

₹2200/sq.ft.

The guideline value for Village Main Road 29th 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 29th Cross Street

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VILLAGE MAIN ROAD 29th CROSS STREET guideline value

The current guideline value of VILLAGE MAIN ROAD 29th CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of VILLAGE MAIN ROAD 29th CROSS STREET has changed

According to the guideline value register, there are no figures available for VILLAGE MAIN ROAD 29th CROSS STREET for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which was then revised to Rs 2,200 per sq.ft in 2024, marking a change of +10%.

The current guideline value reflects the median value for the village, which has 754 streets under the Neelankarai SRO, with values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The 2024 figure for VILLAGE MAIN ROAD 29th CROSS STREET aligns with this median, indicating its position within the local market.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values for various streets range significantly, with the 2024 figures showing a median of Rs 2,200 per sq.ft. VILLAGE MAIN ROAD 29th CROSS STREET's guideline value is equal to this median.

Stamp duty and registration fee for property in VILLAGE MAIN ROAD 29th 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 would be Rs 22,00,000. The stamp duty at 7% would amount to 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 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 detailed calculations.

Which Sub Registrar Office covers VILLAGE MAIN ROAD 29th CROSS STREET?

The Sub Registrar Office that covers VILLAGE MAIN ROAD 29th 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the local market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for VILLAGE MAIN ROAD 29th CROSS STREET?

The current guideline value for VILLAGE MAIN ROAD 29th 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 for VILLAGE MAIN ROAD 29th CROSS STREET was Rs 2,000 per sq.ft in 2023 and increased to Rs 2,200 per sq.ft in 2024, representing a change of +10%.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers VILLAGE MAIN ROAD 29th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current value for VILLAGE MAIN ROAD 29th CROSS STREET.

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 instance, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.