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Guideline Value

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Guideline Value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET

₹1700/sq.ft.

The guideline value for Government Fisherman Housing 1st Cross Street in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹218 /sq.ft.
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 Government Fisherman Housing 1st Cross Street

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GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET guideline value

The current guideline value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET has changed

The guideline value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET has seen several revisions over the years. In 2003, the guideline value was Rs 218 per sq.ft, which increased to Rs 500 per sq.ft in 2007. Following this, it rose significantly to Rs 1,500 per sq.ft in 2012, but then decreased to Rs 1,005 per sq.ft in 2017. The value then increased to Rs 1,500 per sq.ft in 2023, and most recently, it has been set at Rs 1,700 per sq.ft in the 2024 revision. Notably, there is no figure available for this street in the 2002 revision.

Between the various revisions, the most significant change occurred from 2007 to 2012, where the value increased by 200%. From 2012 to 2017, there was a decrease of 33%. The guideline value increased by 49% from 2017 to 2023, and then saw a rise of 13% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 680%.

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 value for these streets is Rs 2,200 per sq.ft, making the current guideline value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET below this median.

Stamp duty and registration fee for property in GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total charges Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET?

The GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET is covered by 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 during the registration of property transactions in Enjambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the state government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This ensures transparency in transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET?

The current guideline value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 218 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, showing an overall increase of 680% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 17,00,000, the total charges would be Rs 1,53,000.

Which office handles the registration for this street?

The Neelankarai Sub Registrar Office handles the registration for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, making the current value for GOVERNMENT FISHERMAN HOUSING 1st CROSS STREET below this median.