Guideline Value for THURAIKANNU LANE

Thuraikannu Lane guideline value

The current guideline value of Thuraikannu Lane is Rs 2,200 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 III Type - I.

How the guideline value of Thuraikannu Lane has changed

Thuraikannu Lane has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it to Rs 2,200 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 reflects a 10% rise. 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 that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Thuraikannu Lane.

• Thiruvengadam Garden: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 2,800 per sq.ft (2024)
• Univesal Diamond Layout: Rs 2,800 per sq.ft (2024)
• Thiruvalluvar Cross Street: Rs 2,800 per sq.ft (2024)
• Valmiki Street: Rs 2,800 per sq.ft (2024)
• Thendral Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thuraikannu Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 more detailed calculations.

Which Sub Registrar Office covers Thuraikannu Lane?

The Sub Registrar Office that covers Thuraikannu Lane 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 is a critical factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a value that reflects the local market conditions.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps in the smooth completion of property transactions.

Frequently asked questions

What is the current guideline value of Thuraikannu Lane?

The current guideline value of Thuraikannu Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Thuraikannu Lane?

Thuraikannu Lane is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Thuraikannu Lane?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Thuraikannu Lane?

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