Guideline Value for SANDS N WAVES

Sands N Waves guideline value

The current guideline value of Sands N Waves is Rs 7,200 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Sands N Waves has changed

In the 2017 revision, the guideline value was Rs 4,355 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 7,200 per sq.ft, reflecting an 11% increase from the previous year. There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. This demonstrates a substantial upward trend in the guideline value over the years.

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 as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sands N Waves above this median.

• Sampantham Garden: Rs 2,200 per sq.ft (2024)
• SANKAR 1st STREET: Rs 2,200 per sq.ft (2024)
• SANKAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• Sanmugasundaram Garden: Rs 2,200 per sq.ft (2024)
• Saravana Nagar: Rs 1,700 per sq.ft (2024)
• Sai Baba Kovil Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sands N Waves

For a 1,000 sq.ft plot at the current guideline value of Rs 7,200 per sq.ft, the total guideline value amounts to Rs 72,00,000. The stamp duty at 7% would be Rs 5,04,000, and the registration fee at 2% would be Rs 1,44,000, bringing the total cost for these fees to Rs 6,48,000. 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 Sands N Waves?

The Sands N Waves property falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Enjambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is typically referenced to ensure that the appropriate fees are calculated based on the value of the property. This ensures compliance with local regulations and helps in the accurate assessment of property transactions.

Frequently asked questions

What is the current guideline value of Sands N Waves?

The current guideline value of Sands N Waves is Rs 7,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 4,355 per sq.ft to Rs 7,200 per sq.ft in 2024, marking a total increase of 65% over this period.

What is the land classification of Sands N Waves?

Sands N Waves is classified as Commercial Class I Type - II, which indicates its zoning and potential use for commercial activities.

What are the other streets in Enjambakkam and their guideline values?

Other streets in Enjambakkam include Sampantham Garden, SANKAR 1st STREET, SANKAR 2nd STREET, Sanmugasundaram Garden, Saravana Nagar, and Sai Baba Kovil Salai, with guideline values ranging from Rs 1,700 to Rs 3,300 per sq.ft in 2024.

Where can I find the Neelankarai Sub Registrar Office?

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