Guideline Value for C.P.J. Nagar

C.P.J. Nagar guideline value

The current guideline value of C.P.J. Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of C.P.J. Nagar has changed

The guideline value for C.P.J. Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 700 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 700 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the increase remains at 49% as well, with the value now stabilized at Rs 700 per sq.ft since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns perfectly with the current guideline value of C.P.J. Nagar.

• C.V Raman Nagar: Rs 700 per sq.ft (2024)
• Devakiammal Nagar: Rs 700 per sq.ft (2024)
• Deva Nagar: Rs 700 per sq.ft (2024)
• Devendra Nagar: Rs 700 per sq.ft (2024)
• Chetty Street: Rs 2,000 per sq.ft (2024)
• Chennai Main Road (Ward6): Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in C.P.J. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. 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.P.J. Nagar?

The Sub Registrar Office that covers C.P.J. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in real estate dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of C.P.J. Nagar?

The current guideline value of C.P.J. Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a notable increase of 49% from Rs 469 per sq.ft in 2017 to 2023.

What is the land classification of C.P.J. Nagar?

C.P.J. Nagar is classified as Residential Class III Type - I.

Where is the Sub Registrar Office for C.P.J. Nagar located?

The Sub Registrar Office for C.P.J. Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in C.P.J. Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a stamp duty of Rs 49,000.