Guideline Value

Corporate

Guideline Value for INDIRA ENCALVE 3rd STREET

₹3900/sq.ft.

The guideline value for Indira Encalve 3rd Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Indira Encalve 3rd Street

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INDIRA ENCALVE 3rd STREET guideline value

The current guideline value of INDIRA ENCALVE 3rd STREET is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of INDIRA ENCALVE 3rd STREET has changed

Over the years, the guideline value of INDIRA ENCALVE 3rd STREET has seen several revisions. The 2012 revision recorded a value of Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase to Rs 3,500 per sq.ft, followed by another increase to Rs 3,900 per sq.ft in the 2024 revision, marking an 11% rise from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the revisions in 2002, 2003, and 2007.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, making the guideline value of INDIRA ENCALVE 3rd STREET above this median.

Stamp duty and registration fee for property in INDIRA ENCALVE 3rd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers INDIRA ENCALVE 3rd STREET?

The INDIRA ENCALVE 3rd 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 Okkiyamthuraipakkam

The guideline value is an essential factor when registering property in Okkiyamthuraipakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This means that even if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of INDIRA ENCALVE 3rd STREET?

The current guideline value of INDIRA ENCALVE 3rd STREET is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value of INDIRA ENCALVE 3rd STREET changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for INDIRA ENCALVE 3rd STREET?

INDIRA ENCALVE 3rd STREET is classified as Residential Class I Type - II.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers INDIRA ENCALVE 3rd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.