Guideline Value for PURBLE BEACH AVENUE

Purble Beach Avenue guideline value

The current guideline value of Purble Beach Avenue is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Purble Beach Avenue has changed

The guideline value for Purble Beach Avenue has seen significant changes over the years. In 2003, the value was Rs 352 per sq.ft, which increased to Rs 2,039 per sq.ft in 2007. This marked a substantial rise of 479%. The value then rose to Rs 4,500 per sq.ft in 2012, reflecting an increase of 121%. However, there was a decrease to Rs 3,015 per sq.ft in 2017, a drop of 33%. The guideline value then increased to Rs 4,500 per sq.ft in 2023, followed by another increase to Rs 5,000 per sq.ft in 2024, which is an 11% rise.

Overall, from 2003 to 2024, the guideline value has increased by 1320%. It is worth noting that the register does not have a figure for the year 2002 for this street.

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 guideline value for these streets is Rs 2,200 per sq.ft, placing Purble Beach Avenue's 2024 figure above this median.

• Punitha Anthoniyar Beach Church Colony: Rs 3,300 per sq.ft (2024)
• Radiance Paradise: Rs 6,600 per sq.ft (2024)
• Priyadharshini Garden: Rs 2,800 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 Purble Beach Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty, charged at 7%, would amount to Rs 3,50,000, while the registration fee at 2% would be Rs 1,00,000. Together, the total cost for stamp duty and registration fee would be Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Purble Beach Avenue?

The Sub Registrar Office that covers Purble Beach Avenue 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 in the registration process for property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers need to pay when purchasing property in the area.

When selling property, the guideline value can also influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction.

Frequently asked questions

What is the current guideline value of Purble Beach Avenue?

The current guideline value of Purble Beach Avenue is Rs 5,000 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 352 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 1320% over this period.

What is the land classification for Purble Beach Avenue?

The land classification for Purble Beach Avenue is Residential Special Type - III.

What are the stamp duty and registration fees for property in Purble Beach Avenue?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Where is the Sub Registrar Office for Purble Beach Avenue located?

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