Guideline Value

Corporate

Guideline Value for INDIRA ENCALVE 8th STREET

₹3900/sq.ft.

The guideline value for Indira Encalve 8th 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 8th Street

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INDIRA ENCALVE 8th STREET guideline value

The current guideline value for INDIRA ENCALVE 8th STREET is Rs 3,900 per sq.ft, effective from 1 July 2024. 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 8th STREET has changed

The guideline value for INDIRA ENCALVE 8th STREET has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an increase from Rs 3,500 per sq.ft in 2023, marking an 11% rise. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, reflecting a significant increase of 49% over the six years until 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

In the earlier revisions, the value was Rs 3,500 per sq.ft in 2012, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 11% from Rs 3,500 to Rs 3,900 per sq.ft.

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 8th STREET above this median value.

Stamp duty and registration fee for property in INDIRA ENCALVE 8th 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 cost for these 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers INDIRA ENCALVE 8th STREET?

The INDIRA ENCALVE 8th 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that are applicable to the transaction, ensuring that the fees are calculated based on a standard value set by the authorities.

When buying or selling property, it is essential to be aware of the current guideline value as it affects the overall costs involved in the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value for INDIRA ENCALVE 8th STREET?

The current guideline value for INDIRA ENCALVE 8th 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 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and then to Rs 3,900 per sq.ft in 2024. This reflects significant changes over the years, including an increase of 49% from 2017 to 2023.

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for INDIRA ENCALVE 8th STREET?

The Neelankarai Sub Registrar Office handles registrations for INDIRA ENCALVE 8th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for INDIRA ENCALVE 8th STREET?

INDIRA ENCALVE 8th STREET is classified as Residential Class I Type - II. This classification is important for understanding the zoning and permissible uses of the land in this area.