Guideline Value for CITTIRAI NAGAR

Cittirai Nagar guideline value

The current guideline value of Cittirai Nagar, located in Arambakkam village under the Gooduvancheri SRO, is Rs 402 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - III.

How the guideline value of Cittirai Nagar has changed

Since the 2002 revision, the guideline value for Cittirai Nagar has remained consistent. The register does not provide figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 402 per sq.ft, which remained unchanged in the 2023 revision. The most recent 2024 revision also maintains this value at Rs 402 per sq.ft, indicating no percentage change across these revisions.

Overall, from 2017 to 2024, the guideline value has not changed, reflecting a stable valuation for this street. The values from 2023 to 2024 and from 2017 to 2023 also show a change of +0%, confirming that the guideline value has remained constant over these periods.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Cittirai Nagar's 2024 figure below this median.

• D.A. Colony: Rs 600 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 500 per sq.ft (2024)
• Dr. Radha Krishnan Extension: Rs 800 per sq.ft (2024)
• Dr. Radhakrishnan Nagar: Rs 600 per sq.ft (2024)
• Balagangadara Thilak Nagar: Rs 600 per sq.ft (2024)
• Ganapathipuram: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Cittirai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total charges to Rs 36,180. It is important to note that 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 Cittirai Nagar?

The Sub Registrar Office that covers Cittirai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Arambakkam, as it determines the base value for calculating stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value is used to assess the applicable fees, which are calculated as a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cittirai Nagar?

The current guideline value of Cittirai Nagar is Rs 402 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 remained unchanged at Rs 402 per sq.ft through the 2023 and 2024 revisions, indicating no percentage change across these periods.

What is the land classification for Cittirai Nagar?

Cittirai Nagar is classified as Residential Special Type - III, which is relevant for understanding its zoning and potential uses.

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

For a property valued at Rs 4,02,000, the stamp duty would be Rs 28,140, and the registration fee would be Rs 8,040, totaling Rs 36,180.

Which office handles registrations for Cittirai Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Cittirai Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.