Guideline Value for ENFIELD NAGAR

Enfield Nagar guideline value

The current guideline value of Enfield Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Enfield Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure rose significantly to Rs 300 per sq.ft in the 2023 revision, marking an increase of 49%. The most recent revision in 2024 saw another increase of 10%, bringing the guideline value to Rs 330 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Enfield Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Enfield Nagar.

• E.V.K. Sampath Nagar: Rs 330 per sq.ft (2024)
• Dr. Vinobaji Nagar: Rs 330 per sq.ft (2024)
• Ganapathy Nagar: Rs 330 per sq.ft (2024)
• Gandhi Nagar: Rs 330 per sq.ft (2024)
• Gandhi Nagar Extn: Rs 330 per sq.ft (2024)
• Dr. Ambedkar Nagar: Rs 462 per sq.ft (2024)

Stamp duty and registration fee for property in Enfield Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making a total of Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Enfield Nagar?

The Sub Registrar Office that covers Enfield Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can find your SRO.

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

The guideline value is a critical factor when registering property in Athipattu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to consider the guideline value as it reflects the official valuation set by the authorities. Buyers and sellers must ensure that the sale price is aligned with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Enfield Nagar?

The current guideline value of Enfield Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Athipattu?

The median guideline value for the streets in Athipattu is Rs 330 per sq.ft, which is the same as the current guideline value for Enfield Nagar.

What are the stamp duty and registration fees for a property in Enfield Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Enfield Nagar located?

The Thiruvottiyur Sub Registrar Office, which covers Enfield Nagar, is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.