Guideline Value

Corporate

Guideline Value for GOWRI AMMAN KOIL 2nd STREET

₹1700/sq.ft.

The guideline value for Gowri Amman Koil 2nd 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 2nd Street

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GOWRI AMMAN KOIL 2nd STREET guideline value

The current guideline value of GOWRI AMMAN KOIL 2nd STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of GOWRI AMMAN KOIL 2nd STREET has changed

Over the years, the guideline value for GOWRI AMMAN KOIL 2nd STREET has seen significant changes. The 2007 revision recorded a value of Rs 500 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, the value decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest revision in 2024 raised it to Rs 1,700 per sq.ft, reflecting a 13% increase.

From 2017 to 2023, the value rose by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 240%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry 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 GOWRI AMMAN KOIL 2nd STREET's 2024 figure below that median.

Stamp duty and registration fee for property in GOWRI AMMAN KOIL 2nd 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 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 more details.

Which Sub Registrar Office covers GOWRI AMMAN KOIL 2nd STREET?

The GOWRI AMMAN KOIL 2nd 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 plays a crucial role during the registration process of property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of GOWRI AMMAN KOIL 2nd STREET?

The current guideline value of GOWRI AMMAN KOIL 2nd 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 from Rs 500 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 240% over the years.

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

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.

Which office handles registrations for GOWRI AMMAN KOIL 2nd STREET?

The Neelankarai Sub Registrar Office handles registrations for GOWRI AMMAN KOIL 2nd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification of GOWRI AMMAN KOIL 2nd STREET?

The land classification for GOWRI AMMAN KOIL 2nd STREET is Residential Class IV Type - I.