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Guideline Value

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Guideline Value for BISMILLAH NAGAR 4th CROSS STREET

₹2200/sq.ft.

The guideline value for Bismillah Nagar 4th 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 4th Cross Street

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BISMILLAH NAGAR 4th CROSS STREET guideline value

The current guideline value of BISMILLAH NAGAR 4th 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 4th CROSS STREET has changed

The guideline value for BISMILLAH NAGAR 4th CROSS STREET has seen several revisions over the years. The earliest recorded value was Rs 223 per sq.ft in 2003. This increased significantly to Rs 750 per sq.ft in 2007, followed by a substantial rise to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017, before climbing back to Rs 2,000 per sq.ft in 2023. As of the 2024 revision, the guideline value stands at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2003 to 2024, the overall increase in the guideline value is an impressive 887%. The changes between the revisions include a 49% rise from 2017 to 2023 and a 167% increase from 2007 to 2012. It is important to note that the register has no figure for this street for the year 2002.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for BISMILLAH NAGAR 4th CROSS STREET.

Stamp duty and registration fee for property in BISMILLAH NAGAR 4th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers BISMILLAH NAGAR 4th CROSS STREET?

The BISMILLAH NAGAR 4th CROSS STREET falls under 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, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Enjambakkam. It serves as a reference point for determining the stamp duty and registration fees that buyers and sellers must pay during the property registration process.

When purchasing or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of BISMILLAH NAGAR 4th CROSS STREET?

The current guideline value of BISMILLAH NAGAR 4th CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 223 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 887% over the years.

What is the land classification of BISMILLAH NAGAR 4th CROSS STREET?

BISMILLAH NAGAR 4th CROSS STREET is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for BISMILLAH NAGAR 4th CROSS STREET?

The Neelankarai Sub Registrar Office handles registrations for BISMILLAH NAGAR 4th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.