Guideline Value

Corporate

Guideline Value for CHOLAMANDAL ARTIST VILLAGE

₹3900/sq.ft.

The guideline value for Cholamandal Artist Village in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹374 /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 Cholamandal Artist Village

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Cholamandal Artist Village guideline value

The current guideline value of Cholamandal Artist Village is Rs 3,900 per sq.ft, effective from 1 July 2024. This village falls under the Neelankarai SRO and is classified as Residential Class I Type - I.

How the guideline value of Cholamandal Artist Village has changed

The guideline value for Cholamandal Artist Village has undergone several revisions over the years. Starting from Rs 374 per sq.ft in 2003, it increased to Rs 1,000 per sq.ft in 2007. The value then rose significantly to Rs 3,500 per sq.ft in 2012, but saw a decrease to Rs 2,345 per sq.ft in 2017. The subsequent revision in 2023 brought it back up to Rs 3,500 per sq.ft, and the latest revision in 2024 has set it at Rs 3,900 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is noted at 11%. The rise from 2003 to 2024 is significant, with an overall increase of 943% over the years.

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. Cholamandal Artist Village's 2024 figure of Rs 3,900 per sq.ft is above the median value of Rs 2,200 per sq.ft for the area.

Stamp duty and registration fee for property in Cholamandal Artist Village

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 details.

Which Sub Registrar Office covers Cholamandal Artist Village?

The Cholamandal Artist Village is covered by 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 plays a crucial role during property registration in Enjambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The amount of these fees is calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value as it directly affects the financial obligations involved. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Cholamandal Artist Village?

The current guideline value of Cholamandal Artist Village is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 374 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 943% over the years.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft for the year 2024.

What are the stamp duty and registration fees for a property in Cholamandal Artist Village?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Cholamandal Artist Village?

The Neelankarai Sub Registrar Office handles the registration for Cholamandal Artist Village, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.