Guideline Value for CMDA LAYOUT NENNAIKARAI (WARD -3)

Cmda Layout Nennaikarai (Ward -3) guideline value

The current guideline value of Cmda Layout Nennaikarai (Ward -3) is Rs 1,321 per sq.ft, effective from 1 July 2024. This property is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Cmda Layout Nennaikarai (Ward -3) has changed

Over the years, the guideline value for Cmda Layout Nennaikarai has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft. However, the value increased significantly in the subsequent revisions, reaching Rs 1,200 per sq.ft in 2023, and finally rising to Rs 1,321 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The most notable change occurred between the 2017 and 2023 revisions, where the value increased by 49%. The 2023 to 2024 revision reflects a 10% increase, bringing the current guideline value to Rs 1,321 per sq.ft.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. Cmda Layout Nennaikarai's current figure of Rs 1,321 per sq.ft is above this median.

• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,321 per sq.ft (2024)
• Cheran Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Chelliyamman Kovil Street(Kr): Rs 660 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Cmda Layout Nennaikarai (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty, charged at 7%, would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420. Together, these fees would total Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Cmda Layout Nennaikarai (Ward -3)?

The Cmda Layout Nennaikarai (Ward -3) is covered by 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 details.

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

The guideline value plays a crucial role in property transactions in Ninna Karai, as it is the basis for calculating the stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value is considered to determine the applicable duties. This means that if the sale price is lower than the guideline value, the stamp duty and registration fees will be based on the guideline value instead of the sale price.

Frequently asked questions

What is the current guideline value of Cmda Layout Nennaikarai (Ward -3)?

The current guideline value of Cmda Layout Nennaikarai (Ward -3) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024. The most significant increase was between 2017 and 2023, where it rose by 49%.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470 and the registration fee would be Rs 26,420, totaling Rs 1,18,890. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Cmda Layout Nennaikarai?

The Chengleput Joint II Sub Registrar Office covers Cmda Layout Nennaikarai (Ward -3), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Cmda Layout Nennaikarai?

The land classification for Cmda Layout Nennaikarai is Residential Special Type - V, indicating its designated use for residential purposes.