Guideline Value for C.B.S.C NAGAR (VAL)

C.B.S.C Nagar (Val) guideline value

The current guideline value of C.B.S.C Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of C.B.S.C Nagar (Val) has changed

The guideline value for C.B.S.C Nagar (Val) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 536 per sq.ft, marking a decrease of 33%. The 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has raised it to Rs 881 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, placing C.B.S.C Nagar (Val) above this median.

• Chamudeeswari Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Chennai Green Arlade: Rs 770 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in C.B.S.C Nagar (Val)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty at 7% would amount to Rs 61,670, while the registration fee at 2% would be Rs 17,620, bringing the total cost for these fees to Rs 79,290. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.B.S.C Nagar (Val)?

The C.B.S.C Nagar (Val) area is covered by the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thailavaram. It is utilized to determine the stamp duty and registration fees when a property is bought or sold, ensuring that both parties are aware of the applicable costs based on the official valuation.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the necessary fees. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of C.B.S.C Nagar (Val)?

The current guideline value of C.B.S.C Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What are the other streets in Thailavaram and their guideline values?

Other streets in Thailavaram include Chamudeeswari Nagar at Rs 1,980 per sq.ft, Chennai Green Arlade at Rs 770 per sq.ft, and Bhuvaneswari Amman Nagar at Rs 660 per sq.ft, among others.

What are the stamp duty and registration fees for properties in C.B.S.C Nagar (Val)?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 8,81,000, the total fees would amount to Rs 79,290.

Which office handles property registrations for C.B.S.C Nagar (Val)?

The Chengleput Joint II Sub Registrar Office handles property registrations for C.B.S.C Nagar (Val), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.