Guideline Value

Corporate

Guideline Value for INDIRA ENCLAVE 4th STREET

₹3900/sq.ft.

The guideline value for Indira Enclave 4th 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 Enclave 4th Street

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INDIRA ENCLAVE 4th STREET guideline value

The current guideline value for INDIRA ENCLAVE 4th 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 ENCLAVE 4th STREET has changed

The guideline value for INDIRA ENCLAVE 4th STREET has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was followed by a decrease to Rs 2,345 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, and in the latest 2024 revision, it rose further to Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

In summary, 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%. The overall change from the 2012 value of Rs 3,500 per sq.ft to the current value shows a modest increase of 11%, despite the fluctuations in between.

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 ENCLAVE 4th STREET's 2024 figure above that median.

Stamp duty and registration fee for property in INDIRA ENCLAVE 4th STREET

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the 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 to Rs 3,51,000. It is important to note that 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 ENCLAVE 4th STREET?

The Sub Registrar Office that covers INDIRA ENCLAVE 4th 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 critical factor in the registration process for property transactions in Okkiyamthuraipakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for INDIRA ENCLAVE 4th STREET?

The current guideline value for INDIRA ENCLAVE 4th 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, and from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023. The overall change from 2012 to 2024 is an increase of 11%.

What is the land classification for INDIRA ENCLAVE 4th STREET?

INDIRA ENCLAVE 4th STREET is classified as Residential Class I Type - II, indicating its suitability for residential development.

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 the stamp duty calculated for properties in INDIRA ENCLAVE 4th STREET?

Stamp duty for properties in INDIRA ENCLAVE 4th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.