Guideline Value for GENTLE TIDES

Gentle Tides guideline value

The current guideline value of Gentle Tides is Rs 7,200 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village under the Neelankarai SRO and is classified as Commercial Class I Type - II.

How the guideline value of Gentle Tides has changed

The guideline value for Gentle Tides has undergone several revisions over the years. The oldest recorded figure is from 2012, which was Rs 6,500 per sq.ft. This was followed by a decrease to Rs 4,355 per sq.ft in 2017. In 2023, the value increased to Rs 6,500 per sq.ft again, before reaching the current figure of Rs 7,200 per sq.ft in 2024.

In terms of percentage changes, there was a significant increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Gentle Tides above this median.

• Gem Granites Road (Know As Chinnadi): Rs 2,800 per sq.ft (2024)
• Gangai Amman Koil Street(Near Shalimar Garden): Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street(Near Meenavar Kuppam): Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Road (Kuppam Road): Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gentle Tides

For a 1,000 sq.ft plot at the current guideline value of Rs 7,200 per sq.ft, the total guideline value amounts to Rs 72,00,000. The stamp duty at 7% would be Rs 5,04,000, and the registration fee at 2% would be Rs 1,44,000, leading to a total cost of Rs 6,48,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gentle Tides?

The Sub Registrar Office that covers Gentle Tides 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 crucial factor when registering property transactions in Enjambakkam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gentle Tides?

The current guideline value of Gentle Tides is Rs 7,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then back to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,200 per sq.ft in 2024.

What is the land classification of Gentle Tides?

Gentle Tides is classified as Commercial Class I Type - II, which indicates its intended use for commercial activities.

What is the stamp duty rate for property in Gentle Tides?

The stamp duty rate for property transactions in Gentle Tides is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gentle Tides?

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