Guideline Value for C.S.S. CHETTY NAGAR PART

C.S.S. Chetty Nagar Part guideline value

The current guideline value of C.S.S. Chetty Nagar Part is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Minjur village and falls under the Ponneri SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of C.S.S. Chetty Nagar Part has changed

The guideline value for C.S.S. Chetty Nagar Part has seen significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 440 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%.

Guideline values in Minjur

In Minjur, 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, with a median value of Rs 550 per sq.ft. C.S.S. Chetty Nagar Part's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in C.S.S. Chetty Nagar Part

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the 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.S.S. Chetty Nagar Part?

The Sub Registrar Office that covers C.S.S. Chetty Nagar Part 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 Minjur

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller comply with the legal requirements. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of C.S.S. Chetty Nagar Part?

The current guideline value of C.S.S. Chetty Nagar Part is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for property in C.S.S. Chetty Nagar Part?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 39,600 based on the current guideline value.

Which Sub Registrar Office covers C.S.S. Chetty Nagar Part?

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

What is the median guideline value in Minjur?

The median guideline value in Minjur is Rs 550 per sq.ft, while C.S.S. Chetty Nagar Part's guideline value of Rs 440 per sq.ft is below this median.