Guideline Value

Corporate

Guideline Value for INDIRA ENCALVE 5th STREET

₹3900/sq.ft.

The guideline value for Indira Encalve 5th 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 5th Street

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INDIRA ENCALVE 5th STREET guideline value

The current guideline value of INDIRA ENCALVE 5th STREET is Rs 3,900 per sq.ft. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of INDIRA ENCALVE 5th STREET has changed

The guideline value for INDIRA ENCALVE 5th STREET has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, reflecting an 11% rise. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. In 2012, the value was Rs 3,500 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value increased by 11%.

The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing the 2024 value of INDIRA ENCALVE 5th STREET above this median.

Stamp duty and registration fee for property in INDIRA ENCALVE 5th 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, making the total fees together Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers INDIRA ENCALVE 5th STREET?

The Sub Registrar Office that covers INDIRA ENCALVE 5th STREET 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 Okkiyamthuraipakkam

The guideline value is a crucial factor when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is registered, the authorities will use the guideline value to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to consider the guideline value when planning a property purchase or sale in the area.

Frequently asked questions

What is the current guideline value of INDIRA ENCALVE 5th STREET?

The current guideline value of INDIRA ENCALVE 5th STREET is Rs 3,900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, a rise of 11%. It was Rs 2,345 per sq.ft in 2017, showing a 49% increase from 2017 to 2023.

What is the land classification for INDIRA ENCALVE 5th STREET?

INDIRA ENCALVE 5th STREET is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties 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. Fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers INDIRA ENCALVE 5th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.