Guideline Value for CHINNANDI KUPPAM FIRST STREET

Chinnandi Kuppam First Street guideline value

The current guideline value of Chinnandi Kuppam First Street is Rs 3,300 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 I Type - II.

How the guideline value of Chinnandi Kuppam First Street has changed

The guideline value for Chinnandi Kuppam First Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 a median value of Rs 2,200 per sq.ft. The guideline value for Chinnandi Kuppam First Street is above this median.

• Chinnandi Kuppam Cross Road: Rs 1,700 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 First Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinnandi Kuppam First Street?

The Sub Registrar Office that covers Chinnandi Kuppam First 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 the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnandi Kuppam First Street?

The current guideline value of Chinnandi Kuppam First Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Chinnandi Kuppam First Street?

Chinnandi Kuppam First Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000 based on the current guideline value.

Which office handles registrations for Chinnandi Kuppam First Street?

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