Guideline Value for C.B.Nagar

C.B.Nagar guideline value

The current guideline value of C.B.Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of C.B.Nagar has changed

Over the years, the guideline value of C.B.Nagar has seen several revisions. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for C.B.Nagar. The significant changes in guideline value from 2017 to 2023 reflect a 49% increase, showing a steady rise in the value over the years.

Guideline values in Kerugambakkam

In total, there are 144 streets in Kerugambakkam under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for C.B.Nagar.

• Chakkrapani Nagar: Rs 2,750 per sq.ft (2024)
• Chakkrapani Nagar Extn: Rs 2,200 per sq.ft (2024)
• B.T.Nagar Extn: Rs 2,750 per sq.ft (2024)
• B.T.Nagar: Rs 2,750 per sq.ft (2024)
• Bst's Sarada City: Rs 2,860 per sq.ft (2024)
• Boomadevi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in C.B.Nagar

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, making the total fees together 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers C.B.Nagar?

The Sub Registrar Office that covers C.B.Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for C.B.Nagar?

The current guideline value for C.B.Nagar 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 increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What is the role of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is taken for fee calculations.

Which office handles registrations for C.B.Nagar?

The Pammal Sub Registrar Office handles registrations for C.B.Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for a property in C.B.Nagar?

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