Guideline Value

Corporate

Guideline Value for INDIRA ENCALVE 6th STREET

₹3900/sq.ft.

The guideline value for Indira Encalve 6th 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 6th Street

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INDIRA ENCALVE 6th STREET guideline value

The current guideline value for INDIRA ENCALVE 6th 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 6th STREET has changed

The guideline value for INDIRA ENCALVE 6th STREET has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 3,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,900 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register 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 for these streets is Rs 3,300 per sq.ft, placing INDIRA ENCALVE 6th STREET above this median at Rs 3,900 per sq.ft.

Stamp duty and registration fee for property in INDIRA ENCALVE 6th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers INDIRA ENCALVE 6th STREET?

The Sub Registrar Office that covers INDIRA ENCALVE 6th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To locate your SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Okkiyamthuraipakkam

The guideline value plays a crucial role in the registration process of property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the fees are based on a standardized value set by the government, reflecting the area’s market conditions.

When selling property, the guideline value can influence the sale price, as it provides a reference point for both buyers and sellers. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for INDIRA ENCALVE 6th STREET?

The current guideline value for INDIRA ENCALVE 6th STREET is Rs 3,900 per sq.ft, effective from 1 July 2024.

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, reflecting an increase of 11%. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft. The guideline value for INDIRA ENCALVE 6th STREET is above this median.

What are the stamp duty rates for property in INDIRA ENCALVE 6th STREET?

The stamp duty for property in INDIRA ENCALVE 6th STREET is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Which office handles registrations for INDIRA ENCALVE 6th STREET?

The Neelankarai Sub Registrar Office handles registrations for INDIRA ENCALVE 6th STREET. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.