Guideline Value for C.K.G. NAGAR

C.K.G. Nagar guideline value

The current guideline value of C.K.G. Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of C.K.G. Nagar has changed

The guideline value for C.K.G. Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Minjur

In Minjur village, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value is Rs 550 per sq.ft, which aligns with the current value of C.K.G. Nagar.

• Chozhan Nagar: Rs 880 per sq.ft (2024)
• C.S.S. Chetty Nagar Part: Rs 440 per sq.ft (2024)
• D.B.R Nagar: Rs 550 per sq.ft (2024)
• Deepika Avenue: Rs 580 per sq.ft (2024)
• Deva Avenue: Rs 550 per sq.ft (2024)
• Dhanabagyam Nagar: Rs 770 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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.K.G. Nagar?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Minjur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring that the transaction reflects a fair valuation as per the local regulations.

Frequently asked questions

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

The current guideline value of C.K.G. Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in C.K.G. Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers C.K.G. Nagar?

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

What is the land classification of C.K.G. Nagar?

C.K.G. Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.