Guideline Value for DR.THOMAS AVENUE

Dr.Thomas Avenue guideline value

The current guideline value of Dr.Thomas Avenue is Rs 4,500 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Dr.Thomas Avenue has changed

The guideline value for Dr.Thomas Avenue has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,225 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 227%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,500 per sq.ft, which is a 13% increase from the previous year.

There are no recorded figures for Dr.Thomas Avenue in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that have a 2024 guideline value 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 Dr.Thomas Avenue's 2024 figure above this median.

• Dr.Nanajunda Rao Cross Street: Rs 3,900 per sq.ft (2024)
• East Coast Road: Rs 7,200 per sq.ft (2024)
• Dr.AMBEDKAR SALAI: Rs 1,700 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.Thomas Avenue

For a 1,000 sq.ft plot at the current rate of Rs 4,500 per sq.ft, the guideline value amounts to Rs 45,00,000. The stamp duty at 7% would be Rs 3,15,000, and the registration fee at 2% would be Rs 90,000, totaling Rs 4,05,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Thomas Avenue?

The Sub Registrar Office that covers Dr.Thomas Avenue 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 stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the appropriate fees are calculated correctly. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Dr.Thomas Avenue?

The current guideline value of Dr.Thomas Avenue is Rs 4,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,225 per sq.ft in 2007 to Rs 4,500 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the stamp duty and registration fees for properties on Dr.Thomas Avenue?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,05,000, which includes a stamp duty of Rs 3,15,000 and a registration fee of Rs 90,000.

Which Sub Registrar Office is responsible for Dr.Thomas Avenue?

The Neelankarai Sub Registrar Office is responsible for Dr.Thomas Avenue, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Dr.Thomas Avenue?

Dr.Thomas Avenue is classified as Residential Special Type - IV, indicating its designated use for residential purposes.