Guideline Value for CHINNANDI KUPPAM CROSS ROAD

Chinnandi Kuppam Cross Road guideline value

The current guideline value of Chinnandi Kuppam Cross Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village, under the Neelankarai SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Chinnandi Kuppam Cross Road has changed

The guideline value for Chinnandi Kuppam Cross Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the current 2024 revision further raised it to Rs 1,700 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 13%. Overall, comparing the 2012 and 2024 figures shows a net increase of 13%.

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 is Rs 2,200 per sq.ft, placing Chinnandi Kuppam Cross Road's 2024 figure below this median.

• Chinnandi Kuppam First Street: Rs 3,300 per sq.ft (2024)
• Chinnandi Kuppam Main Road: Rs 3,300 per sq.ft (2024)
• Chinnandi Kuppam Mettu Street: Rs 1,700 per sq.ft (2024)
• Chinnadi Kuppam Palla Street: Rs 1,700 per sq.ft (2024)
• Cholamandal Artist Village: Rs 3,900 per sq.ft (2024)
• Cholamandal Devi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnandi Kuppam Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnandi Kuppam Cross Road?

The Chinnandi Kuppam Cross Road falls under 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 details.

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

The guideline value is a critical factor during property registration in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chinnandi Kuppam Cross Road?

The current guideline value of Chinnandi Kuppam Cross Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, reflecting a 13% increase.

What are the stamp duty rates for properties in Chinnandi Kuppam Cross Road?

The stamp duty rate for properties in Chinnandi Kuppam Cross Road is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Chinnandi Kuppam Cross Road?

The Neelankarai Sub Registrar Office handles registrations for Chinnandi Kuppam Cross Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Chinnandi Kuppam Cross Road?

The land classification for Chinnandi Kuppam Cross Road is Residential Class IV Type - I.