Guideline Value for THANIGAIVEL GARDEN

Thanigaivel Garden guideline value

The current guideline value of Thanigaivel Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thanigaivel Garden has changed

The guideline value for Thanigaivel Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in 2023. Prior to that, in 2017, the value was Rs 2,010 per sq.ft. The 2012 revision also recorded a value of Rs 3,000 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

When analyzing the changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 2,200 per sq.ft, making the current value for Thanigaivel Garden above this median.

• Thandai Periyar Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar: Rs 2,200 per sq.ft (2024)
• Teachers Colony Main Road: Rs 4,500 per sq.ft (2024)
• TEACHERS COLONY 4th CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 3rd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 2nd CROSS STREET: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigaivel Garden

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 to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanigaivel Garden?

The Sub Registrar Office covering Thanigaivel Garden 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 details.

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, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

Additionally, the guideline value serves as a reference point for property valuation, providing transparency and consistency in the real estate market. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thanigaivel Garden?

The current guideline value of Thanigaivel Garden 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, increasing from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024. There was a notable increase of 49% from 2017 to 2023 and a 10% rise from 2023 to 2024.

What are the stamp duty and registration fees for properties in Thanigaivel Garden?

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.

Which office handles property registrations in Thanigaivel Garden?

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

What is the land classification for Thanigaivel Garden?

Thanigaivel Garden is classified as Residential Class I Type - II, indicating its suitability for residential development.