Guideline Value for The Enclave Extension

The Enclave Extension guideline value

The current guideline value of The Enclave Extension in Nelllikuppam village, under the Thiruporur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of The Enclave Extension has changed

The guideline value for The Enclave Extension has remained consistent at Rs 1,000 per sq.ft since the 2023 revision. The 2024 revision, which is effective from 1 July 2024, also lists the value at Rs 1,000 per sq.ft, indicating no change from the previous year.

Prior to the 2023 revision, the register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002. The consistent value in 2023 and 2024 suggests stability in the guideline value for this area.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 45 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. The Enclave Extension's 2024 figure aligns perfectly with this median.

• The Eclave - Harini City: Rs 400 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 1,005 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)
• Sri Mangalambigai Nagar: Rs 670 per sq.ft (2024)
• Vgc- IV: Rs 1,600 per sq.ft (2024)
• Vijaya Garden: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in The Enclave Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers The Enclave Extension?

The Enclave Extension falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Nelllikuppam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall expenses involved in the transaction. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can affect the total cost of the property purchase.

Frequently asked questions

What is the current guideline value for The Enclave Extension?

The current guideline value for The Enclave Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for The Enclave Extension?

The land classification for The Enclave Extension is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles all registration activities for properties in the area.

How is stamp duty calculated for properties in Nelllikuppam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.