Guideline Value for ENJAMBAKKAM TO VETTUVANKENI JOINT ROAD

Enjambakkam To Vettuvankeni Joint Road guideline value

The current guideline value for Enjambakkam To Vettuvankeni Joint Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Enjambakkam To Vettuvankeni Joint Road has changed

The guideline value for this road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,800 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 12% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen an increase of 12%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values 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 the Enjambakkam To Vettuvankeni Joint Road's 2024 figure above this median.

• Enjambakkam Meenavar Part: Rs 1,700 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 To Vettuvankeni Joint Road

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value totals Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees together Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Enjambakkam To Vettuvankeni Joint Road?

The Enjambakkam To Vettuvankeni Joint Road falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Enjambakkam, the guideline value is used to assess the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for Enjambakkam To Vettuvankeni Joint Road?

The current guideline value for Enjambakkam To Vettuvankeni Joint Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, with the Enjambakkam To Vettuvankeni Joint Road's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Enjambakkam?

The stamp duty is 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 2,52,000.

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.