Guideline Value for C.R.B.NAGAR

C.R.B.Nagar guideline value

The current guideline value of C.R.B.Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in Neithavoyal 2 village under the Ponneri SRO, with a land classification of Residential Class II Type - I.

How the guideline value of C.R.B.Nagar has changed

The guideline value for C.R.B.Nagar has remained consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 100 per sq.ft, which remains unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there has been a change of +0%. Thus, the current guideline value of Rs 100 per sq.ft is identical to the previous year's figure.

Guideline values in Neithavoyal 2

In Neithavoyal 2, there are three streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 100 per sq.ft, making C.R.B.Nagar's 2024 figure equal to that median.

• Sailakshmi Nagar: Rs 100 per sq.ft (2024)
• Heavanya Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in C.R.B.Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.R.B.Nagar?

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

How the guideline value is used when you buy or sell in Neithavoyal 2

The guideline value is a crucial factor when registering property in Neithavoyal 2. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which aids in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to accurately assess their financial obligations during registration.

Frequently asked questions

What is the current guideline value of C.R.B.Nagar?

The current guideline value of C.R.B.Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for C.R.B.Nagar?

C.R.B.Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in C.R.B.Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in C.R.B.Nagar?

The Ponneri Sub Registrar Office handles registrations for properties in C.R.B.Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.