Guideline Value for Ennaiyeram Street (Samnudeswari Nagar)

Ennaiyeram Street (Samnudeswari Nagar) guideline value

The current guideline value of Ennaiyeram Street (Samnudeswari Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ennaiyeram Street (Samnudeswari Nagar) has changed

The guideline value for Ennaiyeram Street (Samnudeswari Nagar) has seen significant changes over the years. In 2002, the value was Rs 163 per sq.ft. This increased to Rs 214 per sq.ft in 2003, marking a 31% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, which was a 68% increase from the previous revision. By 2017, the guideline value had surged to Rs 1,206 per sq.ft, representing a remarkable 235% increase from 2007. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The current figure of Rs 1,980 per sq.ft in 2024 reflects a 10% increase from 2023. There is no figure available for the 2012 revision for this street.

Overall, from 2002 to 2024, the guideline value has increased by 1,115%. This substantial rise illustrates the evolving property landscape in the area.

Guideline values in Pammal

Pammal village comprises 926 streets under the Pammal SRO, with guideline values in 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Ennaiyeram Street's 2024 figure below this median.

• Eratai Malai Srinivasan Street: Rs 1,980 per sq.ft (2024)
• Erattai Pillayar Koil Street: Rs 2,200 per sq.ft (2024)
• Elumalai Street (Thiruvallur Nagar): Rs 2,475 per sq.ft (2024)
• Elumalai Street (Thiruneermalai Salai): Rs 1,980 per sq.ft (2024)
• Elumalai Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Elumalai Cross Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Ennaiyeram Street (Samnudeswari Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ennaiyeram Street (Samnudeswari Nagar)?

The Sub Registrar Office that covers Ennaiyeram Street (Samnudeswari Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When purchasing property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ennaiyeram Street (Samnudeswari Nagar)?

The current guideline value of Ennaiyeram Street (Samnudeswari Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 163 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1,115% over this period.

What is the land classification of Ennaiyeram Street (Samnudeswari Nagar)?

Ennaiyeram Street (Samnudeswari Nagar) is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Pammal?

Stamp duty and registration fees in Pammal are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,80,000 would incur stamp duty and registration fees based on that amount.