Guideline Value for Airmen Enclave Street

Airmen Enclave Street guideline value

The current guideline value of Airmen Enclave Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class IV Type - I.

How the guideline value of Airmen Enclave Street has changed

The guideline value for Airmen Enclave Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was later reduced to Rs 670 per sq.ft in the 2017 revision. The 2023 revision increased it to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, making the current value of Airmen Enclave Street below that median.

• Airmen Colony: Rs 1,100 per sq.ft (2024)
• Agasthiyar Street: Rs 2,200 per sq.ft (2024)
• Agaramthen Road: Rs 2,750 per sq.ft (2024)
• Agaram Road Profesor Colony 2nd Street: Rs 3,500 per sq.ft (2024)
• Agaram Road Profesor Colony 1st Street: Rs 3,500 per sq.ft (2024)
• Agaram Road Profesor Colony: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Airmen Enclave Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 99,000. The duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Airmen Enclave Street?

The Sub Registrar Office covering Airmen Enclave Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value ensures that the transaction is recorded accurately and that the appropriate taxes are collected.

When buying or selling property, the guideline value serves as a reference point, helping to establish a fair basis for the transaction. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Airmen Enclave Street?

The current guideline value of Airmen Enclave 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, which is higher than the current value of Airmen Enclave Street.

What are the stamp duty and registration fees for property in Airmen Enclave Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles property registration for Airmen Enclave Street?

The Selaiyur Sub Registrar Office handles property registration for Airmen Enclave Street, located at No.36, Bharathmatha Salai, Chennai - 600 073.