Guideline Value for NANJUNDA RAO ROAD & AVENUE

Nanjunda Rao Road & Avenue guideline value

The current guideline value of Nanjunda Rao Road & Avenue is Rs 4,500 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Nanjunda Rao Road & Avenue has changed

The guideline value for Nanjunda Rao Road & Avenue has seen significant changes over the years. The earliest recorded revision in 2003 set the value at Rs 352 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 184%. The value then jumped to Rs 4,000 per sq.ft in 2012, reflecting a 300% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 2,680 per sq.ft. Following this, a notable increase of 49% brought the value to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,500 per sq.ft in 2024, a 13% increase.

It is important to note that the register has no figure for Nanjunda Rao Road & Avenue for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1178%.

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 as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Nanjunda Rao Road & Avenue's 2024 figure above this median.

• Narayana Nagar: Rs 2,800 per sq.ft (2024)
• Narayana Nagar Cross Street: Rs 2,800 per sq.ft (2024)
• Muneeswaran Koil Street: Rs 2,800 per sq.ft (2024)
• Muneeswaran Cross Kulakarai Street: Rs 2,800 per sq.ft (2024)
• Mohana Garden: Rs 2,200 per sq.ft (2024)
• Olive Beach: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nanjunda Rao Road & Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value amounts to Rs 45,00,000. The stamp duty at 7% would be Rs 3,15,000, and the registration fee at 2% would be Rs 90,000, bringing the total to Rs 4,05,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nanjunda Rao Road & Avenue?

The Sub Registrar Office covering Nanjunda Rao Road & Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nanjunda Rao Road & Avenue?

The current guideline value of Nanjunda Rao Road & Avenue is Rs 4,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 352 per sq.ft in 2003 to Rs 4,500 per sq.ft in 2024, which is an overall increase of 1178%.

What is the median guideline value in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft as of 2024, with Nanjunda Rao Road & Avenue's value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the higher value between the guideline value and the sale price.

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.