Guideline Value for C.G.S. FARMS 1ST STREET CROSS EXTENSION

C.G.S. Farms 1st Street Cross Extension guideline value

The current guideline value of C.G.S. Farms 1st Street Cross Extension is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of C.G.S. Farms 1st Street Cross Extension has changed

The guideline value for C.G.S. Farms 1st Street Cross Extension has undergone several revisions. The 2017 revision set the value at Rs 1,675 per sq.ft. With the 2024 revision, the guideline value increased to Rs 2,800 per sq.ft, marking a significant change of +67% from the previous figure.

The register has no figure for this street in the years 2023, 2012, 2007, 2003, and 2002. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, placing the guideline value of C.G.S. Farms 1st Street Cross Extension above this median.

• C.G.S.Farm Main Street: Rs 2,800 per sq.ft (2024)
• C.G.S. Farms Main Road: Rs 2,800 per sq.ft (2024)
• C.G.S.Farm 2nd Street: Rs 2,800 per sq.ft (2024)
• C.G.S.Farm 2nd Cross Street Extension: Rs 2,800 per sq.ft (2024)
• C.G.S.Farm 1st Street 1st Cross Street: Rs 2,800 per sq.ft (2024)
• C.G.S.Farm 1st Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in C.G.S. Farms 1st Street Cross Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. 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.S. Farms 1st Street Cross Extension?

The C.G.S. Farms 1st Street Cross Extension is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of properties in the area.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of C.G.S. Farms 1st Street Cross Extension?

The current guideline value of C.G.S. Farms 1st Street Cross Extension is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,800 per sq.ft, which is a change of +67%.

Are there any years where the guideline value register has no figures for this street?

Yes, the guideline value register has no figures for C.G.S. Farms 1st Street Cross Extension for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, and the value for C.G.S. Farms 1st Street Cross Extension is above this median.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.