Guideline Value for PUNITHA ANTHONIYAR BEACH CHURCH COLONY

Punitha Anthoniyar Beach Church Colony guideline value

The current guideline value of Punitha Anthoniyar Beach Church Colony is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village, under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of Punitha Anthoniyar Beach Church Colony has changed

The guideline value for Punitha Anthoniyar Beach Church Colony has seen several revisions over the years. In 2003, the value was Rs 130 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. The value then rose dramatically to Rs 3,000 per sq.ft in 2012, before dropping to Rs 2,010 per sq.ft in 2017. Following this, the value increased to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,300 per sq.ft in the 2024 revision.

Between these revisions, the changes were notable. From 2003 to 2007, there was an increase of 285%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 10%. Overall, from 2003 to 2024, the guideline value has increased by 2,438%.

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 in 2024. The median value for these streets is Rs 2,200 per sq.ft, placing Punitha Anthoniyar Beach Church Colony above this median.

• Purble Beach Avenue: Rs 5,000 per sq.ft (2024)
• Priyadharshini Garden: Rs 2,800 per sq.ft (2024)
• Radiance Paradise: Rs 6,600 per sq.ft (2024)
• Prarthana Salai Main Road: Rs 2,800 per sq.ft (2024)
• Prarthana Salai Cross Street: Rs 1,675 per sq.ft (2024)
• Prarthana Avenue: Rs 1,675 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Anthoniyar Beach Church Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Punitha Anthoniyar Beach Church Colony?

The Sub Registrar Office that covers Punitha Anthoniyar Beach Church Colony 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 when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Punitha Anthoniyar Beach Church Colony?

The current guideline value of Punitha Anthoniyar Beach Church Colony 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 increased from Rs 130 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2,438% over the years.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, with Punitha Anthoniyar Beach Church Colony's value being above this median.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Punitha Anthoniyar Beach Church Colony?

The Neelankarai Sub Registrar Office handles registrations for Punitha Anthoniyar Beach Church Colony, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.