Guideline Value for CEMENT GST SALAI

Cement Gst Salai guideline value

The current guideline value of Cement Gst Salai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - II land.

How the guideline value of Cement Gst Salai has changed

The guideline value for Cement Gst Salai has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,000 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 2,680 per sq.ft. The following revision in 2023 increased the value to Rs 4,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 4,400 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Cement Gst Salai's 2024 figure is above this median.

• Ceebros Garden City: Rs 1,733 per sq.ft (2024)
• Chinnamman Kovil Street: Rs 3,300 per sq.ft (2024)
• Chinna Rathinam Street: Rs 2,200 per sq.ft (2024)
• Chunnambukara Street-4: Rs 2,200 per sq.ft (2024)
• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)
• Desigar Koil Sannathi Ward-2: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Cement Gst Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cement Gst Salai?

The Cement Gst Salai area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For further details, you can find your SRO.

How the guideline value is used when you buy or sell in Chengalpattu Natham

The guideline value is a crucial factor in the property registration process in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which can influence negotiations and the final sale price. It is essential for buyers and sellers to be aware of these values to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Cement Gst Salai?

The current guideline value of Cement Gst Salai is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Cement Gst Salai?

Cement Gst Salai is classified as Mixed Special Type - II land.

What are the stamp duty and registration fees for property in Cement Gst Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 3,96,000.

Which office handles the registration for Cement Gst Salai?

The Chengleput Joint II Sub Registrar Office handles the registration for Cement Gst Salai, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.