Guideline Value for ENJAL NAGAR

Enjal Nagar guideline value

The current guideline value of Enjal Nagar, located in Kunjaram village under the Oothukkottai SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Enjal Nagar has changed

The guideline value for Enjal Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 60 per sq.ft, which was later increased to Rs 40 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, reflecting an increase of 150%. The 2023 revision maintained this value, and as of the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kunjaram

In Kunjaram, there are four streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, indicating that Enjal Nagar's 2024 figure is equal to this median.

• Anjaa Nagar @ S V Garden: Rs 100 per sq.ft (2024)
• M.K. Ganapathi Nagar: Rs 100 per sq.ft (2024)
• Sri Angalaparamseswari Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Enjal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Enjal Nagar?

The Sub Registrar Office that covers Enjal Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kunjaram. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is important for buyers and sellers to be aware of the guideline value, as it directly affects the financial obligations during the transaction process. Understanding this value helps in planning for the necessary fees associated with property registration.

Frequently asked questions

What is the current guideline value of Enjal Nagar?

The current guideline value of Enjal Nagar is Rs 100 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 40 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and remains at Rs 100 per sq.ft in 2024.

What is the land classification for Enjal Nagar?

Enjal Nagar is classified as Residential Class II Type - I. This classification is relevant for determining the guideline value and other regulatory aspects.

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

For a property valued at Rs 1,00,000, the stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Enjal Nagar?

The Oothukkottai Sub Registrar Office handles registrations for Enjal Nagar, located near the government hospital in Uthukottai, 602026, Chennai registration zone.