Guideline Value for CENTURY PARK

Century Park guideline value

The current guideline value of Century Park, located in Kannivakkam village, is Rs 1,642 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Type - III land.

How the guideline value of Century Park has changed

In the 2017 revision, the guideline value was set at Rs 1,100 per sq.ft. This figure remained unchanged in the subsequent revisions until 2023, when it was still Rs 1,642 per sq.ft. The 2024 revision also maintained the guideline value at Rs 1,642 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figures across the last two revisions. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Century Park's 2024 figure above this median.

• Compact Homes Haripriya: Rs 1,493 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,600 per sq.ft (2024)
• Dvr Sarathi Nagar: Rs 1,500 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)
• Ezhil Nagar: Rs 800 per sq.ft (2024)
• A R Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Century Park

For a 1,000 sq.ft plot at the current guideline value of Rs 1,642 per sq.ft, the total guideline value amounts to Rs 16,42,000. The stamp duty at 7% would be Rs 1,14,940, and the registration fee at 2% would be Rs 32,840, bringing the total fees to Rs 1,47,780. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Century Park?

The Century Park area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kannivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Century Park?

The current guideline value of Century Park is Rs 1,642 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 1,642 per sq.ft, which has remained unchanged through the 2023 and 2024 revisions.

What is the land classification for Century Park?

Century Park is classified as Mixed Type - III land, which indicates its suitability for various types of development.

What other streets have guideline values in Kannivakkam?

Other streets in Kannivakkam include Compact Homes Haripriya, Balasubramaniyam Nagar, Dvr Sarathi Nagar, and several others, each with their respective guideline values for 2024.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.