Guideline Value

Corporate

Guideline Value for Worker's Estate 3rd Cross Street

₹4400/sq.ft.

The guideline value for Worker's Estate 3rd 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 3rd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Worker's Estate 3rd Cross Street guideline value

The current guideline value of Worker's Estate 3rd 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 3rd Cross Street has changed

The guideline value for Worker's Estate 3rd Cross Street has seen significant changes over the years. In 2002, the value was Rs 434 per sq.ft, which increased to Rs 483 per sq.ft in 2003, marking an 11% rise. The value then rose dramatically to Rs 1,500 per sq.ft in 2007, reflecting a 211% increase. Following this, the value reached Rs 4,000 per sq.ft in 2012, indicating a 167% increase from the previous revision. However, it decreased by 33% to Rs 2,680 per sq.ft in 2017.

From 2017 to 2023, the value increased significantly by 49% to Rs 4,000 per sq.ft. The most recent revision in 2024 saw the guideline value rise by 10% to the current rate of Rs 4,400 per sq.ft. There are no figures available for the years not listed in the register for this street.

Guideline values in Neelankarai

In Neelankarai, 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. The median value for these streets is Rs 2,200 per sq.ft, placing Worker's Estate 3rd Cross Street above this median.

Stamp duty and registration fee for property in Worker's Estate 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. It is important to note that the 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 Worker's Estate 3rd Cross Street?

The Sub Registrar Office that covers Worker's Estate 3rd 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 information.

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, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a value that reflects the current market conditions as determined by the Registration Department. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Worker's Estate 3rd Cross Street?

The current guideline value of Worker's Estate 3rd 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 from Rs 434 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 914% over the years.

What is the land classification for Worker's Estate 3rd Cross Street?

Worker's Estate 3rd Cross Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the other streets in Neelankarai with the same guideline value?

Other streets in Neelankarai with the same guideline value of Rs 4,400 per sq.ft include Worker's Estate 2nd Main Road, Worker's Estate 3rd Main Road, Worker's Estate 2nd Cross Street, Worker's Estate 3rd Street, Worker's Estate 1st Street, and Worker's Estate 4th Cross Street.

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.