Guideline Value

Corporate

Guideline Value for Worker's Estate 2nd Cross Street

₹4400/sq.ft.

The guideline value for Worker's Estate 2nd Cross Street in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹483 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹434 /sq.ft.
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 Worker's Estate 2nd Cross Street

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Worker's Estate 2nd Cross Street guideline value

The current guideline value of Worker's Estate 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Worker's Estate 2nd Cross Street has changed

The guideline value for Worker's Estate 2nd Cross Street has undergone several revisions over the years. In 2002, the value was Rs 434 per sq.ft, which increased to Rs 483 per sq.ft in 2003, marking a change of +11%. Following this, there was a significant rise to Rs 1,500 per sq.ft in 2007, representing a +211% increase. The value then jumped to Rs 4,000 per sq.ft in 2012, indicating a +167% change. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, showing a decline of -33%. The guideline value increased again to Rs 4,000 per sq.ft in 2023, and the most recent revision for 2024 sees it at Rs 4,400 per sq.ft, reflecting a +10% change.

It is important to note that there are no figures available for the revisions in years other than those mentioned above. Overall, from 2002 to 2024, the guideline value has increased by +914%.

Guideline values in Neelankarai

In Neelankarai village, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Worker's Estate 2nd Cross Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Worker's Estate 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Worker's Estate 2nd Cross Street?

The Sub Registrar Office that covers Worker's Estate 2nd Cross 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 details.

How the guideline value is used when you buy or sell in Neelankarai

The guideline value is a crucial factor in the registration process when buying or selling property in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value to ensure compliance with local regulations. This value is periodically revised, reflecting changes in the real estate landscape, and is used to assess the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Worker's Estate 2nd Cross Street?

The current guideline value of Worker's Estate 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 434 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of +914%.

What is the land classification of Worker's Estate 2nd Cross Street?

Worker's Estate 2nd Cross Street is classified as Residential Class I Type - I.

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 property transactions?

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 would be Rs 3,08,000 at a rate of 7%.