Guideline Value for CHENGAI CROWN CITY

Chengai Crown City guideline value

The current guideline value of Chengai Crown City is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Azhagu Samuthram village under the Thirukazhukundram SRO, classified as Mixed Special Type - II.

How the guideline value of Chengai Crown City has changed

In the 2017 revision, the guideline value was set at Rs 750 per sq.ft. This value remained until the most recent revision in 2024, where it increased to Rs 1,120 per sq.ft, marking a significant rise of 49% over the seven-year period. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

The 2024 revision reflects the current market conditions and land classification. The increase from Rs 750 to Rs 1,120 indicates a notable adjustment in the guideline value, which is essential for property transactions in the area.

Guideline values in Azhagu Samuthram

Chengai Crown City is one of the areas in Azhagu Samuthram, which has specific guideline values. The following are the other streets in Azhagu Samuthram:

• Sri Venkateshwara Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Chengai Crown City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, together totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chengai Crown City?

The Sub Registrar Office that covers Chengai Crown City is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Azhagu Samuthram. It serves as the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Chengai Crown City?

The current guideline value of Chengai Crown City is Rs 1,120 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 750 per sq.ft to Rs 1,120 per sq.ft, representing a rise of 49%.

Are there any guideline value figures for the years 2023, 2012, 2007, 2003, and 2002?

No, the register has no figure for Chengai Crown City in the revisions for the years 2023, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Chengai Crown City?

The stamp duty rate for properties in Chengai Crown City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chengai Crown City?

The Sub Registrar Office for Chengai Crown City is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.