Guideline Value for CEEON NAGAR

Ceeon Nagar guideline value

The current guideline value of Ceeon Nagar, located in Palur-A village under the Chengleput Joint II SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - I.

How the guideline value of Ceeon Nagar has changed

Looking at the historical revisions, the guideline value for Ceeon Nagar was Rs 268 per sq.ft in the 2017 revision. This value increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% increase over six years. The 2024 revision maintains the same rate of Rs 400 per sq.ft, showing no change from the previous year.

It is important to note that there are no registered figures for Ceeon Nagar for the years 2002, 2003, 2007, and 2012. Therefore, the only relevant revisions are from 2017, 2023, and 2024, with an overall increase of 49% in the guideline value from 2017 to 2024.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Ceeon Nagar's 2024 figure at the median level.

• Cauvery Nagar: Rs 400 per sq.ft (2024)
• Birundhavan Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Gangadaran Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ceeon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is calculated at 7%, which amounts to Rs 28,000, and the registration fee at 2% amounts to Rs 8,000. Therefore, the total cost for stamp duty and registration fees together is Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ceeon Nagar?

The Sub Registrar Office that covers Ceeon Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Palur-A. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the appropriate taxes are paid based on the established value rather than the sale price, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ceeon Nagar?

The current guideline value of Ceeon Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and it remains at Rs 400 per sq.ft in 2024. This represents a 49% increase from 2017 to 2024.

What is the land classification for Ceeon Nagar?

Ceeon Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the local planning framework.

What are the stamp duty and registration fees for property in Ceeon Nagar?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ceeon Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Ceeon Nagar and surrounding areas.