Guideline Value for PEBBLE DROP

Pebble Drop guideline value

The current guideline value of Pebble Drop is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Pebble Drop has changed

The guideline value of Pebble Drop has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and most recently, it was revised to Rs 2,800 per sq.ft in 2024.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw a substantial increase of 49%. The change from 2023 to 2024 reflects a 12% increase, resulting in an overall increase of 12% from 2012 to 2024.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value 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 Pebble Drop's 2024 figure above this median.

• Pavalam Nagar: Rs 2,200 per sq.ft (2024)
• Periyar Cross Street: Rs 2,200 per sq.ft (2024)
• Parijatham Garden: Rs 1,700 per sq.ft (2024)
• Periyar Street: Rs 2,200 per sq.ft (2024)
• Paramasivam Garden: Rs 2,200 per sq.ft (2024)
• PANDIAN NAGAR 6th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pebble Drop

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pebble Drop?

The Pebble Drop area falls under 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 in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees reflect the market value of the property being transferred.

Frequently asked questions

What is the current guideline value of Pebble Drop?

The current guideline value of Pebble Drop is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and currently to Rs 2,800 per sq.ft in 2024.

What is the land classification of Pebble Drop?

Pebble Drop is classified as Residential Class II Type - I according to the Neelankarai SRO guidelines.

What are the stamp duty and registration fees for property in Pebble Drop?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 28,00,000, the total fees would be Rs 2,52,000.

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.