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Guideline Value

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Guideline Value for VILLAGE MAIN ROAD 31st CROSS STREET

₹2200/sq.ft.

The guideline value for Village Main Road 31st 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 31st Cross Street

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VILLAGE MAIN ROAD 31st CROSS STREET guideline value

The current guideline value for VILLAGE MAIN ROAD 31st 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 31st CROSS STREET has changed

In the 2023 revision, the guideline value was set at Rs 2,000 per sq.ft. This marked an increase of 10% to the current 2024 guideline value of Rs 2,200 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The increase reflects a consistent upward adjustment in the guideline values in the region.

Guideline values in Sholinganallur - 1

In 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 guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for VILLAGE MAIN ROAD 31st CROSS STREET.

Stamp duty and registration fee for property in VILLAGE MAIN ROAD 31st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value totals 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 31st CROSS STREET?

The VILLAGE MAIN ROAD 31st CROSS STREET falls under 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 crucial during property transactions as it determines the base value for calculating stamp duty and registration fees. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark to assess the appropriate taxes and fees to be paid. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for VILLAGE MAIN ROAD 31st CROSS STREET?

The current guideline value for VILLAGE MAIN ROAD 31st CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for VILLAGE MAIN ROAD 31st CROSS STREET?

This street is classified under Residential Class II Type - III, indicating its suitability for residential development.

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.

How is stamp duty calculated for properties on this street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total of Rs 1,98,000 in fees.