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Guideline Value

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Guideline Value for GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET

₹1700/sq.ft.

The guideline value for Government Fisherman Housing 3rd 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 3rd Cross Street

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GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET guideline value

The current guideline value for GOVERNMENT FISHERMAN HOUSING 3rd 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 is classified as Residential Class IV Type - I.

How the guideline value of GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET has changed

The guideline value for GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET has seen significant changes over the years. In 2003, the value was Rs 218 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The value then surged to Rs 1,500 per sq.ft in 2012, before declining to Rs 1,005 per sq.ft in 2017. The current value, set in the 2024 revision, is Rs 1,700 per sq.ft, marking a 13% increase from Rs 1,500 per sq.ft in 2023.

From 2017 to 2023, the value increased by 49%. Notably, the value rose dramatically from Rs 500 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, reflecting a 200% increase. Overall, from 2003 to 2024, the guideline value has increased by 680%. 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 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing the 2024 value for GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET below this median.

Stamp duty and registration fee for property in GOVERNMENT FISHERMAN HOUSING 3rd 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, bringing the total fees to Rs 1,53,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET?

The GOVERNMENT FISHERMAN HOUSING 3rd 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. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Enjambakkam, the guideline value is crucial as it determines the amount of stamp duty and registration fees payable. The guideline value serves as a benchmark for the property's value, ensuring that the government receives appropriate revenue from property transactions.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two figures is used to calculate the applicable duties and fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value for GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET?

The current guideline value for GOVERNMENT FISHERMAN HOUSING 3rd 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 significantly, increasing from Rs 218 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 680% over the years.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers GOVERNMENT FISHERMAN HOUSING 3rd CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used to determine the applicable duties and fees.