Guideline Value for KULMOHAR BEACH AVENUE

Kulmohar Beach Avenue guideline value

The current guideline value of Kulmohar Beach Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kulmohar Beach Avenue has changed

The guideline value for Kulmohar Beach Avenue has seen significant changes over the years. In 2003, the value was Rs 168 per sq.ft, which increased to Rs 500 per sq.ft in 2007. This was followed by a substantial rise to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The next revision in 2023 saw the value rise to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1210%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Kulmohar Beach Avenue.

• Krishna Viruthigai: Rs 2,200 per sq.ft (2024)
• Kuppam Road: Rs 2,200 per sq.ft (2024)
• Kutbi Complex & Avenue: Rs 4,500 per sq.ft (2024)
• KOHINOOR COMPLEX 3rd CROSS SALAI: Rs 3,900 per sq.ft (2024)
• KOHINOOR COMPLEX 2nd CROSS SALAI: Rs 3,900 per sq.ft (2024)
• KOHINOOR COMPLEX 1st CROSS SALAI: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kulmohar Beach Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulmohar Beach Avenue?

The Sub Registrar Office that covers Kulmohar Beach Avenue 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 Enjambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Kulmohar Beach Avenue?

The current guideline value of Kulmohar Beach Avenue is Rs 2,200 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 168 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1210% over this period.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, which is the same as the guideline value for Kulmohar Beach Avenue.

What are the stamp duty and registration fees for a property in Kulmohar Beach Avenue?

For a 1,000 sq.ft property, the total guideline value is Rs 22,00,000. The stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Where is the Neelankarai Sub Registrar Office located?

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