Guideline Value for Enlight -II

Enlight -II guideline value

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

How the guideline value of Enlight -II has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 figure. The 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Vellarai

In Vellarai, 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 guideline value of Enlight -II.

• Enlight: Rs 300 per sq.ft (2024)
• Enlight - III: 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 -II

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Enlight -II?

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

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

The guideline value serves as a basis for determining the stamp duty and registration fees when buying or selling property in Vellarai. When a property is registered, the guideline value is used to calculate these fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value as it can affect the overall cost of the transaction. Ensuring that the guideline value is accurate and up-to-date helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Enlight -II?

The current guideline value of Enlight -II 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 at Rs 300 per sq.ft in the 2023 and 2024 revisions. It was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012, showing a fluctuation in values over the years.

What is the land classification for Enlight -II?

Enlight -II is classified as Residential Special Type - II, which is important for understanding its usage and regulations.

What are the stamp duty and registration fees for property in Enlight -II?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Enlight -II located?

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