Guideline Value for DR.NANAJUNDA RAO CROSS STREET

Dr.Nanajunda Rao Cross Street guideline value

The current guideline value of Dr.Nanajunda Rao Cross Street is Rs 3,900 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 - I.

How the guideline value of Dr.Nanajunda Rao Cross Street has changed

The guideline value for Dr.Nanajunda Rao Cross Street has seen significant changes over the years. In the 2003 revision, the value was Rs 352 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value rose dramatically to Rs 3,500 per sq.ft in 2012, before dropping to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,900 per sq.ft. The register has no figure for this street in 2002.

From the 2017 to 2023 revision, the value increased by 49%. However, between the 2012 and 2017 revisions, there was a decrease of 33%. The 2007 to 2012 period saw a substantial increase of 250%, while the value rose by 184% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 1008%.

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. Dr.Nanajunda Rao Cross Street's 2024 figure is above this median.

• Dr.Thomas Avenue: Rs 4,500 per sq.ft (2024)
• Dr.AMBEDKAR SALAI: Rs 1,700 per sq.ft (2024)
• East Coast Road: Rs 7,200 per sq.ft (2024)
• Easwari Nagar: Rs 2,800 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 2,200 per sq.ft (2024)
• Enjambakkam Meenavar Part: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Nanajunda Rao Cross Street

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 fees together to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Nanajunda Rao Cross Street?

The Sub Registrar Office covering Dr.Nanajunda Rao Cross 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 further assistance.

How the guideline value is used when you buy or sell in Enjambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions. It is essential to check the latest guideline value to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Dr.Nanajunda Rao Cross Street?

The current guideline value of Dr.Nanajunda Rao Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 352 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1008% over this period.

What is the land classification of Dr.Nanajunda Rao Cross Street?

Dr.Nanajunda Rao Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.