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Guideline Value

Corporate

Guideline Value for VILLAGE MAIN ROAD 3RD STREET

₹2200/sq.ft.

The guideline value for Village Main Road 3rd Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
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 3rd Street

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Village Main Road 3rd Street guideline value

The current guideline value of Village Main Road 3rd 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 3rd Street has changed

The guideline value register has no figures for Village Main Road 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The current value of Rs 2,200 per sq.ft was established in the 2024 revision, which is effective from 1 July 2024.

There have been no changes between the revisions mentioned above, and the 2024 figure is equal to the median guideline value of Rs 2,200 per sq.ft for residential streets in Sholinganallur - 1.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO with 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 the same as the guideline value for Village Main Road 3rd Street.

Stamp duty and registration fee for property in Village Main Road 3rd 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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Village Main Road 3rd Street?

The Sub Registrar Office that covers Village Main Road 3rd 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 crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value ensures that the transaction is recorded at a fair value as per government regulations.

During the registration process, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Village Main Road 3rd Street?

The current guideline value for Village Main Road 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Village Main Road 3rd Street?

Village Main Road 3rd Street falls under the Residential Class II Type - III land classification.

Have there been any changes in the guideline value for this street?

There have been no changes in the guideline value for Village Main Road 3rd Street between the revisions listed in the register.

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 the stamp duty calculated for properties in this area?

Stamp duty for properties in Village Main Road 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.