Guideline Value for GURU ENCLAVE

Guru Enclave guideline value

The current guideline value of Guru Enclave is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Guru Enclave has changed

The guideline value for Guru Enclave has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

Between the revisions, the 2017 to 2023 period saw a significant increase of 49%. From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 13%. There are no figures available for the years 2002, 2003, and 2007 for this street.

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 Guru Enclave's 2024 figure below this median.

• HARICHANDRA 3rd CROSS: Rs 2,800 per sq.ft (2024)
• Harichandran 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Gowri Ammn Koil Street (Near Ecr): Rs 3,300 per sq.ft (2024)
• Gowri Amman Koil Street: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 6th 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 Guru Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the 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, totaling 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 Guru Enclave?

The Sub Registrar Office that covers Guru Enclave 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 plays a crucial role 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 the government receives the appropriate stamp duty and registration fees.

When a property is sold, the sale price must be at least equal to the guideline value to avoid any legal complications. Buyers should be aware of the guideline value to ensure they are paying a fair price and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Guru Enclave?

The current guideline value of Guru Enclave 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 from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the stamp duty for properties in Guru Enclave?

The stamp duty for properties in Guru Enclave is 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000.

Which Sub Registrar Office covers Guru Enclave?

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

What are the other streets in Enjambakkam?

Other streets in Enjambakkam include HARICHANDRA 3rd CROSS, Harichandran 3rd Cross Street, Gowri Ammn Koil Street (Near Ecr), Gowri Amman Koil Street, GOWRI AMMAN KOIL 6th STREET, and GOWRI AMMAN KOIL 5th STREET, with varying guideline values.