Guideline Value for CHOLAMANDAL NAGAR 10TH STREET

Cholamandal Nagar 10th Street guideline value

The current guideline value of Cholamandal Nagar 10th Street is Rs 2,200 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 III Type - I.

How the guideline value of Cholamandal Nagar 10th Street has changed

The guideline value for Cholamandal Nagar 10th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. This was followed by a significant increase to Rs 2,000 per sq.ft in the 2023 revision, and finally, the current value of Rs 2,200 per sq.ft from the 2024 revision, marking a 10% increase from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

Enjambakkam village has a total of 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 in this village is Rs 2,200 per sq.ft, which is equal to the current value of Cholamandal Nagar 10th Street.

• Cholamandal Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Cholamandal Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Cholamandal Devi Nagar: Rs 2,200 per sq.ft (2024)
• Cholamandal Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Cholamandal Artist Village: Rs 3,900 per sq.ft (2024)
• Cholamandal Nagar 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Cholamandal Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Cholamandal Nagar 10th Street?

The Sub Registrar Office covering Cholamandal Nagar 10th 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 during the registration of property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to refer to the latest guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Cholamandal Nagar 10th Street?

The current guideline value of Cholamandal Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Enjambakkam with the same guideline value?

Several other streets in Enjambakkam have the same guideline value of Rs 2,200 per sq.ft, including Cholamandal Nagar 4th Street, Cholamandal Nagar 11th Street, Cholamandal Devi Nagar, and Cholamandal Nagar 5th Street.

What is the stamp duty rate for properties in Cholamandal Nagar 10th Street?

The stamp duty rate for properties in Cholamandal Nagar 10th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cholamandal Nagar 10th Street?

The Sub Registrar Office for Cholamandal Nagar 10th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.