Guideline Value for SHAMAN COAST

Shaman Coast guideline value

The current guideline value of Shaman Coast is Rs 4,500 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Special Type - IV.

How the guideline value of Shaman Coast has changed

Over the years, the guideline value of Shaman Coast has undergone several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 3,000 per sq.ft. This figure changed to Rs 2,680 per sq.ft in 2017, marking a decrease of 11%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 4,500 per sq.ft, which is a 13% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Shaman Coast's 2024 figure above that median.

• Shalimar Garden Road: Rs 2,800 per sq.ft (2024)
• Seshadri Avenue: Rs 3,300 per sq.ft (2024)
• Shree Chaitanya: Rs 3,300 per sq.ft (2024)
• Selvaraj Form House: Rs 2,200 per sq.ft (2024)
• Selva Nagar Extn IV: Rs 2,200 per sq.ft (2024)
• Selva Nagar Extn III: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Shaman Coast

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value would be Rs 45,00,000. The stamp duty at 7% would amount to Rs 3,15,000, and the registration fee at 2% would be Rs 90,000, leading to a total of Rs 4,05,000. 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 precise calculations.

Which Sub Registrar Office covers Shaman Coast?

The Sub Registrar Office that covers Shaman Coast 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 further assistance.

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

The guideline value plays a crucial role when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is set by the government and can vary from street to street.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shaman Coast?

The current guideline value of Shaman Coast is Rs 4,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 4,500 per sq.ft in 2024, reflecting an overall increase of 50% over this period.

What is the land classification for Shaman Coast?

Shaman Coast is classified as Residential Special Type - IV.

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.

How is the stamp duty calculated for properties in Shaman Coast?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 45,00,000, the stamp duty at 7% would be Rs 3,15,000.