Guideline Value for ENNORE EXPRESS ROAD

Ennore Express Road guideline value

The current guideline value of Ennore Express Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ennore Express Road has changed

The guideline value for Ennore Express Road has undergone several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have any figures listed in the register for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Ennore Express Road.

• Esani Moorthi Koil Street: Rs 3,300 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Egavalliamman Koil Street(Othavadai Street): Rs 3,300 per sq.ft (2024)
• Egavaliyamman Koil Street: Rs 3,300 per sq.ft (2024)
• East Kulakkarai Street: Rs 3,700 per sq.ft (2024)
• East Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ennore Express Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Ennore Express Road?

The Sub Registrar Office that covers Ennore Express Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvottiyur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ennore Express Road?

The current guideline value of Ennore Express Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Ennore Express Road?

Ennore Express Road is classified as Residential Special Type - I under the Thiruvottiyur SRO.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

How is stamp duty calculated for properties in Ennore Express Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.