Guideline Value for CHINNAMMAN NAGAR

Chinnamman Nagar guideline value

The current guideline value of Chinnamman Nagar in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Chinnamman Nagar has changed

The guideline value for Chinnamman Nagar has undergone several revisions over the years. In 2002, the value was Rs 88 per sq.ft, which increased to Rs 102 per sq.ft in 2003. The next significant jump occurred in 2007, when the value rose to Rs 350 per sq.ft, marking an increase of 243%. Following this, in 2012, the value changed to Rs 1,200 per sq.ft, which was a decrease of 33%. The value continued to rise, reaching Rs 804 per sq.ft in 2017, and then Rs 1,500 per sq.ft in 2023, before the current value of Rs 1,625 per sq.ft was established in 2024, reflecting an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,747%. The register does not have figures for the years between 2012 and 2017, nor for the years prior to 2002.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of Chinnamman Nagar.

• Chinnamman Koil St Konambedu: Rs 950 per sq.ft (2024)
• Chinnamman Koil St: Rs 1,625 per sq.ft (2024)
• Chennai Green City: Rs 950 per sq.ft (2024)
• Chandran St: Rs 950 per sq.ft (2024)
• Chandra City: Rs 1,100 per sq.ft (2024)
• Crown City: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, making the total cost for these fees Rs 1,46,250. 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 Chinnamman Nagar?

The Sub Registrar Office that covers Chinnamman Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Paruthipattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as this will influence the overall cost of the transaction. Accurate knowledge of the guideline value helps in understanding the financial obligations involved in property registration.

Frequently asked questions

What is the current guideline value of Chinnamman Nagar?

The current guideline value of Chinnamman Nagar is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 88 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 1,747% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,25,000, leading to a stamp duty of Rs 1,13,750 and a registration fee of Rs 32,500, totaling Rs 1,46,250.

Which Sub Registrar Office covers Chinnamman Nagar?

The Avadi Sub Registrar Office covers Chinnamman Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized valuation of the property being bought or sold.