Guideline Value for Enlight - III

Enlight - III guideline value

The current guideline value of Enlight - III in Vellarai village, under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - II land classification.

How the guideline value of Enlight - III has changed

The guideline value for Enlight - III has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 201 per sq.ft, marking a decrease of 33% from 2012. The 2023 revision maintained the value at Rs 300 per sq.ft, and this was also the case for the 2024 revision, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 300 per sq.ft, reflecting no change during this period.

Guideline values in Vellarai

In Vellarai village, there are 20 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,500 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the current guideline value for Enlight - III.

• Enlight -II: Rs 300 per sq.ft (2024)
• Enlight: Rs 300 per sq.ft (2024)
• Galaxy Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Anandham Nagar: Rs 300 per sq.ft (2024)
• Madhurai Veeran Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Enlight - III

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Enlight - III?

The Enlight - III property is covered by the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vellarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with the legal requirements set by the Registration Department.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value of Enlight - III?

The current guideline value of Enlight - III is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification of Enlight - III?

Enlight - III is classified as Residential Special Type - II, which is relevant for understanding its use and potential development.

Where can I find the Sub Registrar Office for Enlight - III?

The Sub Registrar Office that covers Enlight - III is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vellarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.