Guideline Value for Enlight

Enlight guideline value

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

How the guideline value of Enlight has changed

The guideline value for Enlight 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, from 2017 to 2023, the value increased to Rs 300 per sq.ft, marking a 49% rise from the 2017 figure of Rs 201 per sq.ft. The 2023 revision also maintained the value at Rs 300 per sq.ft, and there was no change from 2023 to the 2024 revision.

There are years where the register has no figure for this street, specifically in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained at Rs 300 per sq.ft, indicating no overall change during this period.

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 for these streets is Rs 300 per sq.ft, which is equal to the current guideline value for Enlight. Below are other streets in Vellarai with their respective guideline values:

• Enlight -II: 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

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, bringing the total to Rs 27,000. The duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Enlight?

The Enlight area falls under the jurisdiction of 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 is a crucial factor during property registration in Vellarai. It serves as a benchmark for determining the stamp duty and registration fees payable when a property transaction occurs. Buyers and sellers should be aware that the guideline value may influence the overall costs associated with the sale or purchase of property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This value is used to calculate the necessary taxes and fees, making it an essential component of the property buying and selling process.

Frequently asked questions

What is the current guideline value of Enlight?

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

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing no increase from 2023 to 2024. The value rose from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Enlight?

The land classification for Enlight is Residential Special Type - II, indicating its designated use within the village.

Where can I find the Sub Registrar Office for Enlight?

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

How is the stamp duty calculated for property in Enlight?

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