Guideline Value for CHITRA NAGAR (SA)

Chitra Nagar (Sa) guideline value

The current guideline value of Chitra Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Chitra Nagar (Sa) has changed

The guideline value of Chitra Nagar (Sa) has undergone several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then rose again to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Chitra Nagar (Sa) is below this median.

• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• C.K.Radha Nagar: Rs 1,980 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cheran Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chennai Gate Residential Township Extention-I: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Chitra Nagar (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost to Rs 39,600. 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 Chitra Nagar (Sa)?

The Sub Registrar Office that covers Chitra Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. Buyers and sellers must be aware of the guideline value to accurately calculate their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Chitra Nagar (Sa)?

The current guideline value of Chitra Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Chitra Nagar (Sa)?

Chitra Nagar (Sa) is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chitra Nagar (Sa)?

The Sub Registrar Office for Chitra Nagar (Sa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepud Joint II SRO.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be calculated at 7% of this amount.