Guideline Value for CHINNAPPA NAGAR

Chinnappa Nagar guideline value

The current guideline value of Chinnappa Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinnappa Nagar has changed

The guideline value for Chinnappa Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023. The most recent revision in 2024 has further raised the value to Rs 1,870 per sq.ft, marking a 10% increase from the previous year and a significant 64% increase since 2017.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes between the revisions are notable, with a 49% increase from 2017 to 2023, reflecting a steady rise in the guideline value over the years.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is the same as the guideline value for Chinnappa Nagar.

• Chinna Mangadu Met Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Ist Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu IInd Street: Rs 1,870 per sq.ft (2024)
• Christian Bruel Ground Road: Rs 1,540 per sq.ft (2024)
• Chakra Nagar Part IV: Rs 2,200 per sq.ft (2024)
• Chakra Nagar part I: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chinnappa Nagar?

The Sub Registrar Office that covers Chinnappa Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Mangadu -A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, both the buyer and seller must consider the guideline value as it affects the stamp duty and registration fees payable at the time of registration. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Chinnappa Nagar?

The current guideline value of Chinnappa Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft as of 2024.

What is the stamp duty rate for properties in Chinnappa Nagar?

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

Where can I find the Sub Registrar Office for Chinnappa Nagar?

The Sub Registrar Office for Chinnappa Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the guideline values of other streets in Mangadu -A?

Other streets in Mangadu -A have guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft, with several streets, including Chinna Mangadu Met Street, Chinna Mangadu Ist Street, and Chinna Mangadu IInd Street, all having a guideline value of Rs 1,870 per sq.ft in 2024.