Guideline Value for C.I.T.NAGAR EXTENSION FOURTH MAIN ROAD T.S.NO.5 ONLY

C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only guideline value

The current guideline value of C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only is Rs 12,100 per sq.ft, effective from 1 July 2024. This property is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only has changed

The guideline value for C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only has undergone several revisions over the years. In 2002, the guideline value was Rs 904 per sq.ft, which increased to Rs 1,500 per sq.ft in 2003, marking a 66% increase. By 2007, the value rose significantly to Rs 2,000 per sq.ft, a 33% increase from the previous revision. The value saw a substantial jump to Rs 11,000 per sq.ft in 2012, reflecting a 450% increase. However, it decreased to Rs 7,370 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 11,000 per sq.ft in 2023, before reaching the current rate of Rs 12,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1238%. The register has no figures for years other than those mentioned.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only is above this median.

• C.I.T.Nagan Second Cross Street: Rs 6,600 per sq.ft (2024)
• C.I.T.Nagar Ext. Third Main Road Ist Street: Rs 12,100 per sq.ft (2024)
• C.I.T.Nagar Fifth Gross Street: Rs 6,600 per sq.ft (2024)
• C.I.T.Nagar Fifth Lane: Rs 6,600 per sq.ft (2024)
• C.I.T.Nagar Fifth Main Road: Rs 12,100 per sq.ft (2024)
• C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total to Rs 10,89,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only?

The C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is an essential factor when registering a property in Mambalam. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees. Buyers and sellers should be aware of the guideline value to ensure compliance with registration norms.

When a property is sold, the guideline value serves as a benchmark for the transaction. It is crucial for both parties to understand that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only?

The current guideline value of C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 904 per sq.ft in 2002 to Rs 12,100 per sq.ft in 2024, reflecting an overall increase of 1238% over the years.

What is the registration office for this property?

The registration office covering C.I.T.Nagar Extension Fourth Main Road T.S.No.5 Only is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,47,000 and the registration fee would be Rs 2,42,000, totaling Rs 10,89,000.

Where can I find more information about the guideline values in Mambalam?

You can find more information about the guideline values in Mambalam through the Registration Department's guideline value register or by visiting the relevant links provided for other streets in the area.