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Guideline Value

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Guideline Value for GANGAI AMMAN KOIL STREET(NEAR SHALIMAR GARDEN)

₹2200/sq.ft.

The guideline value for Gangai Amman Koil Street(near Shalimar Garden) in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangai Amman Koil Street(near Shalimar Garden)

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Gangai Amman Koil Street(Near Shalimar Garden) guideline value

The current guideline value of Gangai Amman Koil Street(Near Shalimar Garden) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gangai Amman Koil Street(Near Shalimar Garden) has changed

The guideline value for Gangai Amman Koil Street(Near Shalimar Garden) has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 300% rise. However, it then decreased to Rs 1,340 per sq.ft in the 2017 revision, a drop of 33%. The value saw a substantial increase to Rs 2,000 per sq.ft in the 2023 revision, followed by another increase to Rs 2,200 per sq.ft in the 2024 revision, which is a 10% rise from the previous year. 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 340%. The revisions show a fluctuating trend, with significant increases and a notable decrease in the years between 2012 and 2017.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Gangai Amman Koil Street(Near Shalimar Garden).

Stamp duty and registration fee for property in Gangai Amman Koil Street(Near Shalimar Garden)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Gangai Amman Koil Street(Near Shalimar Garden)?

The Sub Registrar Office that covers Gangai Amman Koil Street(Near Shalimar Garden) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges reflect the current market conditions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In such cases, the stamp duty is charged based on the higher of the two values, which is an essential consideration during property transactions.

Frequently asked questions

What is the current guideline value of Gangai Amman Koil Street(Near Shalimar Garden)?

The current guideline value of Gangai Amman Koil Street(Near Shalimar Garden) 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 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Gangai Amman Koil Street(Near Shalimar Garden)?

Gangai Amman Koil Street(Near Shalimar Garden) is classified as Residential Class III Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Enjambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.