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Guideline Value

Corporate

Guideline Value for GEM GRANITES ROAD (KNOW AS CHINNADI)

₹2800/sq.ft.

The guideline value for Gem Granites Road (know As Chinnadi) in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Gem Granites Road (know As Chinnadi)

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Gem Granites Road (Know As Chinnadi) guideline value

The current guideline value of Gem Granites Road (Know As Chinnadi) is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village under the Neelankarai SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Gem Granites Road (Know As Chinnadi) has changed

The guideline value for Gem Granites Road (Know As Chinnadi) has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. It then decreased to Rs 1,675 per sq.ft in 2017. Following this, there was a significant increase to Rs 2,500 per sq.ft in 2023, and the most recent revision has raised it to Rs 2,800 per sq.ft in 2024, marking a 12% increase from the previous year.

To summarize the changes: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 12%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Gem Granites Road (Know As Chinnadi) is above this median.

Stamp duty and registration fee for property in Gem Granites Road (Know As Chinnadi)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, resulting in a total of Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gem Granites Road (Know As Chinnadi)?

The Sub Registrar Office that covers Gem Granites Road (Know As Chinnadi) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Enjambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gem Granites Road (Know As Chinnadi)?

The current guideline value of Gem Granites Road (Know As Chinnadi) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What are the other streets in Enjambakkam with their guideline values?

Other streets in Enjambakkam include Gentle Tides at Rs 7,200 per sq.ft, and several Gangai Amman Koil Streets at Rs 2,200 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7%. This is calculated based on the higher of the guideline value or the sale price.

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.