Guideline Value for KOHINOOR COMPLEX

Kohinoor Complex guideline value

The current guideline value of Kohinoor Complex in Enjambakkam village, under the Neelankarai SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Kohinoor Complex has changed

The guideline value for Kohinoor Complex has seen significant changes over the years. In 2003, the guideline value was Rs 279 per sq.ft. This figure increased to Rs 750 per sq.ft in 2007, marking a substantial rise of 169%. The value then experienced a dramatic increase to Rs 3,500 per sq.ft in 2012, which represented a 367% jump. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has increased by 11% to Rs 3,900 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 1,298%. The register does not contain figures for the year 2002 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kohinoor Complex's 2024 figure above this median.

• KOHINOOR COMPLEX 1st CROSS SALAI: Rs 3,900 per sq.ft (2024)
• KOHINOOR COMPLEX 2nd CROSS SALAI: Rs 3,900 per sq.ft (2024)
• KOHINOOR COMPLEX 3rd CROSS SALAI: Rs 3,900 per sq.ft (2024)
• Krishna Viruthigai: Rs 2,200 per sq.ft (2024)
• Kulmohar Beach Avenue: Rs 2,200 per sq.ft (2024)
• Kuppam Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kohinoor Complex

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 the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kohinoor Complex?

The Kohinoor Complex is covered by 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 Enjambakkam

The guideline value is an essential factor in property transactions in Enjambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions. Accurate knowledge of this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kohinoor Complex?

The current guideline value of Kohinoor Complex 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 significantly from Rs 279 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1,298% over this period.

What is the registration office for Kohinoor Complex?

The Neelankarai Sub Registrar Office covers Kohinoor Complex, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for properties in Kohinoor Complex?

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.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, with Kohinoor Complex's current value being above this median.