Guideline Value for CHINNANDI KUPPAM MAIN ROAD

Chinnandi Kuppam Main Road guideline value

The current guideline value of Chinnandi Kuppam Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village under the Neelankarai SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Chinnandi Kuppam Main Road has changed

The guideline value for Chinnandi Kuppam Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 3,000 per sq.ft in 2023 and further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the 2017 revision had a substantial increase of 49% from the previous 2012 figure. The register does not have figures for the years 2002, 2003, and 2007 for this street.

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 as of 2024. The median value for these streets is Rs 2,200 per sq.ft, placing Chinnandi Kuppam Main Road's 2024 figure above this median.

• Chinnandi Kuppam First Street: Rs 3,300 per sq.ft (2024)
• Chinnandi Kuppam Mettu Street: Rs 1,700 per sq.ft (2024)
• Chinnandi Kuppam Cross Road: 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnandi Kuppam Main Road?

The Sub Registrar Office that covers Chinnandi Kuppam Main Road 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 details.

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 determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized valuation.

When a property transaction occurs, the guideline value helps in assessing the official worth of the property, which is essential for legal documentation and compliance with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Chinnandi Kuppam Main Road 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 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Chinnandi Kuppam Main Road?

Chinnandi Kuppam Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in Chinnandi Kuppam Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.