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Guideline Value

Corporate

Guideline Value for VILLAGE MAIN ROAD 32nd CROSS STREET

₹2200/sq.ft.

The guideline value for Village Main Road 32nd 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 32nd Cross Street

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VILLAGE MAIN ROAD 32nd CROSS STREET guideline value

The current guideline value for VILLAGE MAIN ROAD 32nd 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 is classified as Residential Class II Type - III.

How the guideline value of VILLAGE MAIN ROAD 32nd CROSS STREET has changed

The guideline value for VILLAGE MAIN ROAD 32nd CROSS STREET has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the previous year's figure of Rs 2,000 per sq.ft established in 2023. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2023 revision recorded a guideline value of Rs 2,000 per sq.ft, while the 2024 revision raised this to Rs 2,200 per sq.ft. The increase reflects the changes made in the guideline values for properties in the area.

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 value is Rs 2,200 per sq.ft, which is also the guideline value for VILLAGE MAIN ROAD 32nd CROSS STREET.

Stamp duty and registration fee for property in VILLAGE MAIN ROAD 32nd 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. 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 32nd CROSS STREET?

The VILLAGE MAIN ROAD 32nd CROSS STREET falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the correct fees are collected. This value is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for VILLAGE MAIN ROAD 32nd CROSS STREET?

The current guideline value for VILLAGE MAIN ROAD 32nd CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

From 2023 to 2024, the guideline value increased from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft, marking a change of 10%.

What is the land classification for VILLAGE MAIN ROAD 32nd CROSS STREET?

The land classification for VILLAGE MAIN ROAD 32nd CROSS STREET is Residential Class II Type - III.

Where is the Neelankarai Sub Registrar Office located?

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 the stamp duty calculated for property transactions?

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