Guideline Value for ROYAL ENCLAVE EXTENSION

Royal Enclave Extension guideline value

The current guideline value of Royal Enclave Extension is Rs 3,900 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Royal Enclave Extension has changed

The guideline value of Royal Enclave Extension has seen several changes over the years. The 2012 revision recorded a guideline value of Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and further rose to Rs 3,900 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, or 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. Overall, the guideline value has increased by 11% 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 Royal Enclave Extension's 2024 value above this median.

• Royal Enclave: Rs 3,900 per sq.ft (2024)
• R.K.Nagar Road: Rs 1,700 per sq.ft (2024)
• R.K.Nagar: Rs 1,700 per sq.ft (2024)
• Sai Baba Kovil Cross Salai: Rs 3,300 per sq.ft (2024)
• Sai Baba Kovil Salai: Rs 3,300 per sq.ft (2024)
• Sampantham Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Enclave Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Enclave Extension?

The Royal Enclave Extension falls under 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 property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This value is established by the Registration Department and reflects the market conditions for properties in the area.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is officially recorded and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Royal Enclave Extension?

The current guideline value of Royal Enclave Extension is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Royal Enclave Extension?

Royal Enclave Extension is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000.

Where can I find the Sub Registrar Office for Royal Enclave Extension?

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