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Guideline Value

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Guideline Value for BISMILLAH NAGAR 3rd CROSS STREET

₹2200/sq.ft.

The guideline value for Bismillah Nagar 3rd Cross Street in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹223 /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 Bismillah Nagar 3rd Cross Street

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BISMILLAH NAGAR 3rd CROSS STREET guideline value

The current guideline value for BISMILLAH NAGAR 3rd CROSS STREET is Rs 2,200 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 III Type - I.

How the guideline value of BISMILLAH NAGAR 3rd CROSS STREET has changed

In the 2003 revision, the guideline value was Rs 223 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2007, marking a change of +236%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting an increase of +167%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of -33%. The value saw a substantial increase to Rs 2,000 per sq.ft in 2023, which was a +49% change. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, representing a +10% increase from the previous year.

There is no figure available for the 2002 revision for this street. Overall, from 2003 to 2024, the guideline value has increased by +887%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with the median value being Rs 2,200 per sq.ft. BISMILLAH NAGAR 3rd CROSS STREET's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in BISMILLAH NAGAR 3rd CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 accurate calculations.

Which Sub Registrar Office covers BISMILLAH NAGAR 3rd CROSS STREET?

The Sub Registrar Office that covers BISMILLAH NAGAR 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 Enjambakkam

The guideline value is a crucial factor in property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions.

When registering a property, the guideline value serves as a baseline for calculating the necessary fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of BISMILLAH NAGAR 3rd CROSS STREET?

The current guideline value of BISMILLAH NAGAR 3rd CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 223 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, which is an overall increase of +887%.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in BISMILLAH NAGAR 3rd CROSS STREET is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

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

What is the land classification for BISMILLAH NAGAR 3rd CROSS STREET?

BISMILLAH NAGAR 3rd CROSS STREET is classified as Residential Class III Type - I.