Guideline Value

Corporate

Guideline Value for VILLAGE MAIN ROAD 5TH STREET

₹2200/sq.ft.

The guideline value for Village Main Road 5th 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 5th Street

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Village Main Road 5th Street guideline value

The current guideline value of Village Main Road 5th 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 5th Street has changed

The guideline value register for Village Main Road 5th Street does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

Since there are no figures available for the previous revisions, there are no changes to report between the revisions for this street. The 2024 revision marks the introduction of the current guideline value.

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 is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Village Main Road 5th Street.

Stamp duty and registration fee for property in Village Main Road 5th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, making the total Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Village Main Road 5th Street?

The Sub Registrar Office that covers Village Main Road 5th 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 determines the amount of stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the current market conditions as represented by the guideline value.

Frequently asked questions

What is the current guideline value of Village Main Road 5th Street?

The current guideline value of Village Main Road 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Village Main Road 5th Street?

Village Main Road 5th Street is classified as Residential Class II Type - III under the Neelankarai SRO.

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

The guideline value register does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the guideline value at Rs 2,200 per sq.ft.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 1,98,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Village Main Road 5th Street is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.