Guideline Value for PANDIAN NAGAR 6th STREET

PANDIAN NAGAR 6th STREET guideline value

The current guideline value of PANDIAN NAGAR 6th STREET is Rs 3,300 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 I Type - II.

How the guideline value of PANDIAN NAGAR 6th STREET has changed

The guideline value for PANDIAN NAGAR 6th STREET has seen several revisions over the years. The earliest recorded figure is from 2003, when it was Rs 247 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2007, marking a 305% rise. In 2012, the value was adjusted to Rs 3,000 per sq.ft, reflecting a 200% increase from the previous revision. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, which was a decline of 33%.

In the subsequent revisions, the guideline value rose to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, marking a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 1236%.

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, with a median value of Rs 2,200 per sq.ft. PANDIAN NAGAR 6th STREET's 2024 guideline value is above this median.

• PANDIAN NAGAR 5th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 4th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 3rd STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 2nd STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 1st STREET: Rs 3,300 per sq.ft (2024)
• Pandian Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in PANDIAN NAGAR 6th STREET

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please note that 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 further calculations.

Which Sub Registrar Office covers PANDIAN NAGAR 6th STREET?

The Sub Registrar Office that covers PANDIAN NAGAR 6th 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 Enjambakkam

The guideline value is a critical factor in property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. The guideline value ensures that the government receives appropriate revenue based on the property's assessed value.

When registering a property, the guideline value serves as a benchmark. Buyers and sellers must be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the transaction reflects the true value of the property.

Frequently asked questions

What is the current guideline value of PANDIAN NAGAR 6th STREET?

The current guideline value of PANDIAN NAGAR 6th STREET is Rs 3,300 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 247 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1236% over the years.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, with PANDIAN NAGAR 6th STREET's value being above this median.

What fees are associated with buying property in PANDIAN NAGAR 6th STREET?

When buying property in PANDIAN NAGAR 6th STREET, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for PANDIAN NAGAR 6th STREET located?

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