Guideline Value for C.B.R. NAGAR

C.B.R. Nagar guideline value

The current guideline value of C.B.R. Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Guduvancheri village under the Ponneri SRO, classified as Residential Class II Type - I.

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

Over the years, the guideline value of C.B.R. Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased back to Rs 100 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is 0%, maintaining the value at Rs 100 per sq.ft. This consistency reflects the fluctuations experienced in the intervening years, particularly the significant increase from 2017 to 2023.

Guideline values in Guduvancheri

In Guduvancheri, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with the median being Rs 100 per sq.ft. C.B.R. Nagar's 2024 figure aligns with this median value.

• New Sun City: Rs 100 per sq.ft (2024)
• Praveen Nagar: Rs 100 per sq.ft (2024)
• Saribha Nagar: Rs 100 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 100 per sq.ft (2024)
• Srinivasa Garden: Rs 100 per sq.ft (2024)
• Sri Sai Garden: Rs 100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that 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 details.

Which Sub Registrar Office covers C.B.R. Nagar?

The Sub Registrar Office that covers C.B.R. Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Guduvancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that property transactions are conducted in accordance with government regulations.

When buying or selling property, the guideline value is used to determine the applicable duties. Buyers should be aware that the duty is charged 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 C.B.R. Nagar?

The current guideline value of C.B.R. Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

Which Sub Registrar Office covers C.B.R. Nagar?

The Ponneri Sub Registrar Office covers C.B.R. Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the other streets in Guduvancheri with the same guideline value?

Other streets in Guduvancheri with a guideline value of Rs 100 per sq.ft include New Sun City, Praveen Nagar, Saribha Nagar, Sri Kari Krishna Perumal Nagar, Srinivasa Garden, and Sri Sai Garden.

How is stamp duty calculated for properties in C.B.R. Nagar?

Stamp duty for properties in C.B.R. Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 9,000 based on the current guideline value.