Guideline Value for GOVIND ROYAL ENCLAVE (S.NO.185)

Govind Royal Enclave (S.No.185) guideline value

The current guideline value for Govind Royal Enclave (S.No.185) is Rs 2,800 per sq.ft, effective from 1 July 2024. It is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Govind Royal Enclave (S.No.185) has changed

The guideline value for Govind Royal Enclave has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 raised the value to Rs 2,800 per sq.ft, an increase of 12% from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

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, with a median value of Rs 2,200 per sq.ft. Govind Royal Enclave's 2024 figure is above this median.

• Gowri Amman Cross Street: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 1st STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 3rd STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 4th STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 5th STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Govind Royal Enclave (S.No.185)

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the 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, bringing the total to 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 further calculations.

Which Sub Registrar Office covers Govind Royal Enclave (S.No.185)?

The Sub Registrar Office that covers Govind Royal Enclave (S.No.185) 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 when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a buyer purchases property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Govind Royal Enclave (S.No.185)?

The current guideline value for Govind Royal Enclave (S.No.185) 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 back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Govind Royal Enclave (S.No.185)?

Govind Royal Enclave (S.No.185) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Govind Royal Enclave?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for Govind Royal Enclave (S.No.185)?

The Neelankarai Sub Registrar Office handles the registration for Govind Royal Enclave (S.No.185), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.