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Guideline Value

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Guideline Value for GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET

₹1700/sq.ft.

The guideline value for Government Fisherman Housing 2nd 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 2nd Cross Street

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GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET guideline value

The current guideline value for GOVERNMENT FISHERMAN HOUSING 2nd 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 falls under Residential Class IV Type - I land classification.

How the guideline value of GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET has changed

The guideline value for GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET has seen several revisions over the years. Starting from Rs 218 per sq.ft in 2003, it increased to Rs 500 per sq.ft in 2007, marking a significant rise of 129%. The value then jumped to Rs 1,500 per sq.ft in 2012, reflecting a 200% increase. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 1,500 per sq.ft in 2023, and most recently, it has risen to Rs 1,700 per sq.ft in 2024, which is a 13% increase.

Overall, from 2003 to 2024, the guideline value has increased by 680%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value 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 GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET below this median.

Stamp duty and registration fee for property in GOVERNMENT FISHERMAN HOUSING 2nd 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 amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Please 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 further calculations.

Which Sub Registrar Office covers GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET?

The GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET falls under 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 the registration process of property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the prevailing rates in the area, thereby providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET?

The current guideline value for GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 218 per sq.ft to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 680%.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for the 253 streets in Enjambakkam is Rs 2,200 per sq.ft, with GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET being below this median.

What are the stamp duty rates applicable in GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET?

The stamp duty rate applicable is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET?

The Neelankarai Sub Registrar Office handles registrations for GOVERNMENT FISHERMAN HOUSING 2nd CROSS STREET, located at 2/71, Gajura Garden, East Coast Road, Neelangarai.