Guideline Value for CHINNANDI KUPPAM METTU STREET

Chinnandi Kuppam Mettu Street guideline value

The current guideline value of Chinnandi Kuppam Mettu Street is Rs 1,700 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 IV Type - I.

How the guideline value of Chinnandi Kuppam Mettu Street has changed

The guideline value for Chinnandi Kuppam Mettu Street has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value then decreased to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision raised the value to Rs 1,500 per sq.ft, and the latest revision in 2024 has set it at Rs 1,700 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 13%. The overall change from 2007 to 2024 shows an increase of 240%, highlighting the significant growth in the guideline value over the years.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Chinnandi Kuppam Mettu Street's 2024 figure below that median.

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

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, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnandi Kuppam Mettu Street?

The Chinnandi Kuppam Mettu 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. 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 aspect when registering property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the financial obligations related to the transaction. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 240% over this period.

What is the median guideline value in Enjambakkam?

The median guideline value for the 253 streets in Enjambakkam under the Neelankarai SRO is Rs 2,200 per sq.ft, which is higher than the current value of Chinnandi Kuppam Mettu Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office should I visit for transactions in Chinnandi Kuppam Mettu Street?

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