Guideline Value for HIL CHRIST FORM

Hil Christ Form guideline value

The current guideline value of Hil Christ Form in Enjambakkam village, under the Neelankarai SRO, is Rs 2,200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Hil Christ Form has changed

The guideline value for Hil Christ Form has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a significant decrease of 33%, followed by a remarkable increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a 10% increase, marking a return to the 2012 level in 2023 before the latest revision.

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 is Rs 2,200 per sq.ft, which is equal to the current guideline value for Hil Christ Form.

• Ibrahim Street: Rs 1,700 per sq.ft (2024)
• Harichandran 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• HARICHANDRA 3rd CROSS: Rs 2,800 per sq.ft (2024)
• Guru Enclave: Rs 1,700 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)

Stamp duty and registration fee for property in Hil Christ Form

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hil Christ Form?

The Hil Christ Form area 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

When buying or selling property in Enjambakkam, the guideline value is crucial as it determines the base value for calculating stamp duty and registration fees. This value is set by the Registration Department and is regularly updated to reflect changes in the market.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the registration fees align with the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Hil Christ Form?

The current guideline value of Hil Christ Form is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. It was Rs 1,340 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Hil Christ Form?

Hil Christ Form falls under the Residential Class III Type - I land classification as per the guidelines.

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 stamp duty calculated for properties in Hil Christ Form?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.