Guideline Value for SRI SAI BABA KOIL STREET

Sri Sai Baba Koil Street guideline value

The current guideline value of Sri Sai Baba Koil 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 Street has changed

The guideline value for Sri Sai Baba Koil Street has seen several revisions over the years. In 2003, the value was Rs 179 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2007, marking a rise of 319%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 300%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1,744%. Notably, there is no figure available for this street in the 2002 revision.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sri Sai Baba Koil Street is above this median.

• SRI SAI BABA KOIL 1st CROSS STREET: Rs 3,300 per sq.ft (2024)
• Sri Narayana Nagar: Rs 2,800 per sq.ft (2024)
• St.Joseph Beach Road: Rs 1,700 per sq.ft (2024)
• Sri Krishna Koil Road: Rs 2,200 per sq.ft (2024)
• Suriya Guest House Colony: Rs 2,200 per sq.ft (2024)
• Sri Babuji Nagar: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Baba Koil 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, leading to a total of Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sai Baba Koil Street?

The Sub Registrar Office that covers Sri Sai Baba Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. 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 property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Baba Koil Street?

The current guideline value of Sri Sai Baba Koil 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, reflecting an overall increase of 1,744% over this period.

What is the land classification of Sri Sai Baba Koil Street?

Sri Sai Baba Koil Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Sri Sai Baba Koil Street located?

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