Guideline Value for 21ST CENTURY NAGAR

21st Century Nagar guideline value

The current guideline value of 21st Century Nagar is Rs 700 per sq.ft. This area is located in 192/87veppampattu village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of 21st Century Nagar has changed

The guideline value for 21st Century Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 700 per sq.ft, resulting in a significant increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in 192/87veppampattu

Currently, there are no specific guideline values provided for other streets in 192/87veppampattu. This means that 21st Century Nagar stands alone in its current guideline value.

Stamp duty and registration fee for property in 21st Century Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, the total cost for stamp duty and registration would be Rs 63,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 21st Century Nagar?

The Sub Registrar Office that covers 21st Century Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 192/87veppampattu

The guideline value plays a crucial role in the registration process when buying or selling property in 192/87veppampattu. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property transaction occurs, the guideline value is used to assess the amount of stamp duty payable. The duty is charged based on the higher of the guideline value or the sale price, which helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of 21st Century Nagar?

The current guideline value of 21st Century Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for 21st Century Nagar has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, and then back to Rs 700 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total stamp duty and registration fees amount to Rs 63,000, which includes Rs 49,000 for stamp duty and Rs 14,000 for registration fee.

Which office handles registrations for 21st Century Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for 21st Century Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Is there any guideline value for other streets in 192/87veppampattu?

Currently, there are no guideline values provided for other streets in 192/87veppampattu, making 21st Century Nagar the only street with a specified guideline value at this time.