Guideline Value for C.V Raman Nagar

C.V Raman Nagar guideline value

The current guideline value of C.V Raman Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of C.V Raman Nagar has changed

The guideline value for C.V Raman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The latest 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.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value. The current figure of Rs 700 per sq.ft aligns with the median value for other streets in Sriperumbudur A.

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 is Rs 700 per sq.ft, which is equal to the guideline value of C.V Raman Nagar.

• C.P.J. 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)
• Dhanthondry Amman koil Street: Rs 1,000 per sq.ft (2024)
• Chetty Street: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in C.V Raman 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, while the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers C.V Raman Nagar?

The Sub Registrar Office that covers C.V Raman 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 details.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A. It serves as a benchmark for determining 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 helps in assessing the fair value of the property. Buyers and sellers can use this value to negotiate the sale price, ensuring that it aligns with the official rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of C.V Raman Nagar?

The current guideline value of C.V Raman 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 increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for C.V Raman Nagar?

C.V Raman Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

Where is the Sub Registrar Office for C.V Raman Nagar located?

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

How is stamp duty calculated for properties in C.V Raman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000.