Guideline Value

Corporate

Guideline Value for ARICHANDRAN 2nd CROSS STREET

₹2800/sq.ft.

The guideline value for Arichandran 2nd Cross Street in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹168 /sq.ft.
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 Arichandran 2nd Cross Street

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ARICHANDRAN 2nd CROSS STREET guideline value

The current guideline value of ARICHANDRAN 2nd CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of ARICHANDRAN 2nd CROSS STREET has changed

Over the years, the guideline value for ARICHANDRAN 2nd CROSS STREET has seen significant changes. The earliest recorded figure is from 2003, where it was Rs 168 per sq.ft. This increased to Rs 750 per sq.ft in 2007, marking a substantial rise of 346%. In 2012, the value remained unchanged at Rs 2,500 per sq.ft, but then it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value surged again to Rs 2,500 per sq.ft in 2023, and finally reached the current rate of Rs 2,800 per sq.ft in 2024, reflecting a 12% increase from the previous year.

It is important to note that there is no recorded guideline value for ARICHANDRAN 2nd CROSS STREET in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1567%.

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 guideline value for these streets is Rs 2,200 per sq.ft, placing ARICHANDRAN 2nd CROSS STREET above this median.

Stamp duty and registration fee for property in ARICHANDRAN 2nd CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers ARICHANDRAN 2nd CROSS STREET?

The Sub Registrar Office that covers ARICHANDRAN 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. To find your SRO, please visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Enjambakkam. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important to ensure that the sale price of the property is at least equal to the guideline value, as the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ARICHANDRAN 2nd CROSS STREET?

The current guideline value of ARICHANDRAN 2nd CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 168 per sq.ft to Rs 2,800 per sq.ft in 2024, marking an overall increase of 1567%.

What is the land classification for ARICHANDRAN 2nd CROSS STREET?

ARICHANDRAN 2nd CROSS STREET is classified as Residential Class II Type - I.

Where can I find the registration office for this street?

The registration office covering ARICHANDRAN 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.

What is the stamp duty rate applicable for property transactions?

The stamp duty rate applicable for property transactions in Tamil Nadu is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.