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Guideline Value

Corporate

Guideline Value for WIPRO CO. (SEZ) (WIPRO LTD.,)

₹5500/sq.ft.

The guideline value for Wipro Co. (sez) (wipro Ltd.,) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
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 Wipro Co. (sez) (wipro Ltd.,)

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Wipro Co. (Sez) (Wipro Ltd.,) guideline value

The current guideline value of Wipro Co. (Sez) (Wipro Ltd.,) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Special Type - III.

How the guideline value of Wipro Co. (Sez) (Wipro Ltd.,) has changed

Since the 2017 revision, the guideline value has seen significant changes. The figure was Rs 3,350 per sq.ft in 2017, which increased to Rs 5,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 2,200 per sq.ft. The guideline value for Wipro Co. (Sez) (Wipro Ltd.,) is above this median.

Stamp duty and registration fee for property in Wipro Co. (Sez) (Wipro Ltd.,)

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. 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 detailed calculations.

Which Sub Registrar Office covers Wipro Co. (Sez) (Wipro Ltd.,)?

The Wipro Co. (Sez) (Wipro Ltd.,) is covered by 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 plays a crucial role during the registration of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Wipro Co. (Sez) (Wipro Ltd.,)?

The current guideline value of Wipro Co. (Sez) (Wipro Ltd.,) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,350 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2024, marking a total increase of 64%. The most recent revision in 2024 saw a 10% increase from the previous year's value of Rs 5,000 per sq.ft.

What is the land classification of Wipro Co. (Sez) (Wipro Ltd.,)?

The land classification for Wipro Co. (Sez) (Wipro Ltd.,) is Residential Special Type - III. This classification is important for understanding the zoning and permissible uses of the property.

Which office handles registrations for Wipro Co. (Sez) (Wipro Ltd.,)?

The Neelankarai Sub Registrar Office handles registrations for Wipro Co. (Sez) (Wipro Ltd.,). It 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 in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.