Guideline Value for C.G NAGAR

C.G Nagar guideline value

The current guideline value of C.G Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this region is Residential Special Type - II.

How the guideline value of C.G Nagar has changed

The guideline value of C.G Nagar has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,005 per sq.ft. The latest revision in 2023 shows an increase of 49%, bringing the current guideline value to Rs 1,500 per sq.ft. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value increased from Rs 1,005 in 2017 to Rs 1,500 in 2023. This change reflects the adjustments made by the Registration Department's guideline value register (TNReginet).

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. C.G Nagar is the only street mentioned in this context, and there are no other streets in Ayyencheri under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, these fees would total Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.G Nagar?

The C.G Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ayyencheri. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are mandatory and are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of C.G Nagar?

The current guideline value of C.G Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, reflecting a 49% increase.

Are there any guideline values available for the year 2024?

No, the register does not have a guideline value figure for C.G Nagar for the year 2024.

What are the registration fees for a property in C.G Nagar?

The registration fees for a property in C.G Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for C.G Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for C.G Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.