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Guideline Value

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Guideline Value for SRI SAI BABA KOIL 1st CROSS STREET

₹3300/sq.ft.

The guideline value for Sri Sai Baba Koil 1st Cross Street in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹179 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Sai Baba Koil 1st Cross Street

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SRI SAI BABA KOIL 1st CROSS STREET guideline value

The current guideline value of SRI SAI BABA KOIL 1st CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of SRI SAI BABA KOIL 1st CROSS STREET has changed

The guideline value for SRI SAI BABA KOIL 1st CROSS STREET has seen significant changes over the years. In 2003, the guideline value was Rs 179 per sq.ft, which increased to Rs 750 per sq.ft in 2007, marking a substantial rise of 319%. The value then jumped to Rs 3,000 per sq.ft in 2012, representing a remarkable increase of 300%. However, it decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street for the year 2002.

Overall, from 2003 to 2024, the guideline value has increased by 1,744%. The revisions over the years demonstrate the fluctuations in the guideline value, with the most significant increase occurring from 2012 to 2017, followed by the rise from 2023 to 2024.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values for 2024 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 SRI SAI BABA KOIL 1st CROSS STREET above this median.

Stamp duty and registration fee for property in SRI SAI BABA KOIL 1st CROSS STREET

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 amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SRI SAI BABA KOIL 1st CROSS STREET?

The Sub Registrar Office that covers SRI SAI BABA KOIL 1st CROSS STREET 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 plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during registration.

Additionally, the guideline value is updated periodically, reflecting changes in the local real estate market. It is essential for buyers and sellers to stay informed about these updates to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of SRI SAI BABA KOIL 1st CROSS STREET?

The current guideline value of SRI SAI BABA KOIL 1st CROSS STREET 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 changed significantly, from Rs 179 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1,744% over this period.

What is the land classification for SRI SAI BABA KOIL 1st CROSS STREET?

SRI SAI BABA KOIL 1st CROSS STREET is classified as Residential Class I Type - II.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total costs would amount to Rs 2,97,000.

Where is the Sub Registrar Office located for this street?

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