Guideline Value for Narmatha Enclave

Narmatha Enclave guideline value

The current guideline value of Narmatha Enclave, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Narmatha Enclave has changed

The guideline value for Narmatha Enclave has seen significant changes over the years. In 2007, the value was Rs 450 per sq.ft, which rose to Rs 1,400 per sq.ft in 2012, marking a substantial increase of 211%. However, this value dropped to Rs 938 per sq.ft in 2017, representing a decrease of 33%. The value then increased significantly to Rs 1,400 per sq.ft in 2023, and further to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 242%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current value of Narmatha Enclave.

• Narmatha Extension: Rs 1,540 per sq.ft (2024)
• Navaler Street: Rs 1,320 per sq.ft (2024)
• M.R. Avenue: Rs 1,540 per sq.ft (2024)
• M.M. Koil Street (a) Mariamman Koil Street: Rs 1,540 per sq.ft (2024)
• Pallavan Nagar: Rs 1,320 per sq.ft (2024)
• Mettu Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Narmatha Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. Please note that the 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 Narmatha Enclave?

The Sub Registrar Office that covers Narmatha Enclave is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chennerkuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Narmatha Enclave?

The current guideline value of Narmatha Enclave is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, showing an overall increase of 242% over this period.

What is the land classification for Narmatha Enclave?

The land classification for Narmatha Enclave is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Narmatha Enclave?

The Sub Registrar Office for Narmatha Enclave is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,540 per sq.ft, the total costs amount to Rs 1,38,600.