Guideline Value for ENJAMBAKKAM MEENAVAR PART

Enjambakkam Meenavar Part guideline value

The current guideline value of Enjambakkam Meenavar Part is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village under the Neelankarai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Enjambakkam Meenavar Part has changed

Over the years, the guideline value of Enjambakkam Meenavar Part has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has raised it to Rs 1,700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 13%.

Guideline values in Enjambakkam

In Enjambakkam village, 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 guideline value for these streets is Rs 2,200 per sq.ft, placing Enjambakkam Meenavar Part's 2024 figure below that median.

• Enjambakkam To Vettuvankeni Joint Road: Rs 2,800 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 2,200 per sq.ft (2024)
• Ever Green Resorts: Rs 3,300 per sq.ft (2024)
• Easwari Nagar: Rs 2,800 per sq.ft (2024)
• East Coast Road: Rs 7,200 per sq.ft (2024)
• Dr.Thomas Avenue: Rs 4,500 per sq.ft (2024)

Stamp duty and registration fee for property in Enjambakkam Meenavar Part

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 cost to Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Enjambakkam Meenavar Part?

The Enjambakkam Meenavar Part is covered by 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 an essential factor in the registration process when buying or selling property in Enjambakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Enjambakkam Meenavar Part?

The current guideline value of Enjambakkam Meenavar Part 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 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 Enjambakkam Meenavar Part?

Enjambakkam Meenavar Part is classified as Residential Class IV Type - I.

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

Other streets in Enjambakkam include Enjambakkam To Vettuvankeni Joint Road at Rs 2,800 per sq.ft, Ellaiamman Koil Street at Rs 2,200 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.