Guideline Value for Ennorekuppam

Ennorekuppam guideline value

The current guideline value of Ennorekuppam is Rs 1,000 per sq.ft, effective from the 2024 revision. This area is located in Kathivakkam village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ennorekuppam has changed

Over the years, the guideline value of Ennorekuppam has seen several revisions. The 2007 revision recorded a guideline value of Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 402 per sq.ft. The subsequent revisions showed a significant increase, with the value rising to Rs 1,000 per sq.ft in both 2023 and 2024, marking a 149% increase from 2017 to 2023.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kathivakkam

Kathivakkam has a range of guideline values across its 47 streets under the Thiruvottiyur SRO, with the 2024 figures ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value in this area is Rs 1,001 per sq.ft, placing the 2024 figure for Ennorekuppam below that median.

• Ellaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 1,001 per sq.ft (2024)
• Don Bosco Road: Rs 1,001 per sq.ft (2024)
• Darga Road (Railway Station South Side Road): Rs 1,100 per sq.ft (2024)
• Church Road: Rs 1,001 per sq.ft (2024)
• Chinnamman Koil Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ennorekuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ennorekuppam?

The Sub Registrar Office that covers Ennorekuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Kathivakkam, the guideline value is a crucial factor during the registration process. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

The guideline value is set by the Registration Department and is regularly revised to reflect changes in the market. It serves as a reference point for both buyers and sellers to understand the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Ennorekuppam?

The current guideline value of Ennorekuppam is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 400% over the years.

What is the median guideline value in Kathivakkam?

The median guideline value in Kathivakkam is Rs 1,001 per sq.ft, with the 2024 figure for Ennorekuppam being below this median.

What are the stamp duty rates for property in Ennorekuppam?

The stamp duty rate for property in Ennorekuppam is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ennorekuppam located?

The Sub Registrar Office for Ennorekuppam is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.