Guideline Value for Ennaikara Street

Ennaikara Street guideline value

The current guideline value of Ennaikara Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Ennaikara Street has changed

The guideline value for Ennaikara Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2012 revision, marking a 100% increase. However, the value decreased by 33% to Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision saw a significant rise to Rs 2,000 per sq.ft, and the most recent 2024 revision increased this further by 10% to the current value of Rs 2,200 per sq.ft.

There are no figures available for Ennaikara Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 11,000 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Ennaikara Street's 2024 figure above that median.

• Dr Ambethkar Nagar: Rs 880 per sq.ft (2024)
• Desichettypalayam Street: Rs 1,100 per sq.ft (2024)
• Darga Santhu: Rs 5,500 per sq.ft (2024)
• Daivasigamani Street: Rs 3,850 per sq.ft (2024)
• Chairman A.K.Thangavel Street: Rs 880 per sq.ft (2024)
• Bus Stand: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ennaikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ennaikara Street?

The Sub Registrar Office that covers Ennaikara Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in the registration process when buying or selling property in the 2nd Division. It helps determine the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Ennaikara Street?

The current guideline value of Ennaikara Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the median guideline value for streets in 2nd Division?

The median guideline value for streets in the 2nd Division is Rs 1,650 per sq.ft, with Ennaikara Street's 2024 value being above this median.

What are the stamp duty and registration fees for property in Ennaikara Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Ennaikara Street?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Ennaikara Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.