Guideline Value for Dr.AMBEDKAR SALAI

Dr.AMBEDKAR SALAI guideline value

The current guideline value of Dr.AMBEDKAR SALAI 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 Dr.AMBEDKAR SALAI has changed

The guideline value for Dr.AMBEDKAR SALAI has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, before rising to the current rate of Rs 1,700 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 13%. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with 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.AMBEDKAR SALAI's 2024 figure below that median.

• Dr.Nanajunda Rao Cross Street: Rs 3,900 per sq.ft (2024)
• Dr.Thomas Avenue: Rs 4,500 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.AMBEDKAR SALAI

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be 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 or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr.AMBEDKAR SALAI?

The Sub Registrar Office that covers Dr.AMBEDKAR SALAI 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 in property transactions in Enjambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This ensures that both parties are informed and can make well-informed decisions regarding the property transaction.

Frequently asked questions

What is the current guideline value of Dr.AMBEDKAR SALAI?

The current guideline value of Dr.AMBEDKAR SALAI is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Dr.AMBEDKAR SALAI?

Dr.AMBEDKAR SALAI is classified as Residential Class IV Type - I.

What are the other streets in Enjambakkam and their guideline values?

Other streets in Enjambakkam include Dr.Nanajunda Rao Cross Street at Rs 3,900 per sq.ft, Dr.Thomas Avenue at Rs 4,500 per sq.ft, and East Coast Road at Rs 7,200 per sq.ft, among others.

Where is the Neelankarai Sub Registrar Office located?

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