Guideline Value for BEST & CROMPTON NAGAR

Best & Crompton Nagar guideline value

The current guideline value of Best & Crompton Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Best & Crompton Nagar has changed

The guideline value for Best & Crompton Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a guideline value for 2024 ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value is Rs 550 per sq.ft, making the guideline value of Best & Crompton Nagar equal to this median.

• B.D.O.Aps Bakthavachalam Salai: Rs 550 per sq.ft (2024)
• Bazzar Salai (T.H. Road): Rs 1,320 per sq.ft (2024)
• Bharathi Nagar: Rs 440 per sq.ft (2024)
• Bhavani Eswari Nagar: Rs 550 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Bakthavatchalam Salai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Best & Crompton Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Best & Crompton Nagar?

The Sub Registrar Office that covers Best & Crompton Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Minjur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Best & Crompton Nagar?

The current guideline value of Best & Crompton Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees in Best & Crompton Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Best & Crompton Nagar?

The Ponneri Sub Registrar Office handles registrations for Best & Crompton Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined in Minjur?

The guideline value in Minjur is determined by the Registration Department and reflects the market conditions for various streets within the area. It is updated periodically and serves as a reference for property transactions.