Guideline Value

Corporate

Guideline Value for GOWRI AMMAN KOIL 1st STREET

₹1700/sq.ft.

The guideline value for Gowri Amman Koil 1st 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 N/A
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 Gowri Amman Koil 1st Street

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GOWRI AMMAN KOIL 1st STREET guideline value

The current guideline value of GOWRI AMMAN KOIL 1st 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 GOWRI AMMAN KOIL 1st STREET has changed

The guideline value for GOWRI AMMAN KOIL 1st STREET has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this figure dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,500 per sq.ft, and the most recent 2024 revision set the value at Rs 1,700 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 13%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 240%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that have 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. GOWRI AMMAN KOIL 1st STREET's current value is below this median.

Stamp duty and registration fee for property in GOWRI AMMAN KOIL 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value is 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 cost 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers GOWRI AMMAN KOIL 1st STREET?

The GOWRI AMMAN KOIL 1st 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. 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 process of property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of GOWRI AMMAN KOIL 1st STREET?

The current guideline value of GOWRI AMMAN KOIL 1st 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 seen several revisions: Rs 500 per sq.ft in 2007, Rs 1,500 in 2012, Rs 1,005 in 2017, Rs 1,500 in 2023, and currently Rs 1,700 in 2024, reflecting an overall increase of 240% from 2007 to 2024.

What is the classification of land for GOWRI AMMAN KOIL 1st STREET?

GOWRI AMMAN KOIL 1st STREET is classified as Residential Class IV Type - I.

Where can I find the Neelankarai Sub Registrar Office?

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

How is the stamp duty calculated for properties in GOWRI AMMAN KOIL 1st STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000.