Guideline Value for ANKALA PARAMESWARI STREET

Ankala Parameswari Street guideline value

The current guideline value of Ankala Parameswari Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Ankala Parameswari Street has changed

The guideline value for Ankala Parameswari Street has seen several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking a significant rise of 100%. However, in the 2017 revision, the value adjusted down to Rs 670 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which then increased to Rs 1,100 per sq.ft in the 2024 revision, representing a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means that the 2024 guideline value for Ankala Parameswari Street is below this median.

• Anna Enclave: Rs 3,300 per sq.ft (2024)
• Annai Theresa Road: Rs 1,700 per sq.ft (2024)
• Ambedkar Street: Rs 1,700 per sq.ft (2024)
• Anna Street: Rs 1,700 per sq.ft (2024)
• Anuman Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Anuman Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ankala Parameswari Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ankala Parameswari Street?

The Sub Registrar Office that covers Ankala Parameswari 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 Enjambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded at a fair value.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ankala Parameswari Street?

The current guideline value for Ankala Parameswari Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the land classification for Ankala Parameswari Street?

Ankala Parameswari Street is classified as Residential Class V Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Ankala Parameswari Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ankala Parameswari Street located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.