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 1,320 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Cmda Layout Nennaikarai has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. However, the value rose significantly in the 2023 revision to Rs 1,200 per sq.ft, and further increased to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, the increase was notable at 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Cmda Layout Nennaikarai's 2024 figure above that median.

• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Cheran Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 550 per sq.ft (2024)
• Chelliyamman Kovil Street(Kr): Rs 661 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, calculated at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Cmda Layout Nennaikarai (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for Cmda Layout Nennaikarai (Ward -3) is Rs 1,320 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Cmda Layout Nennaikarai?

The land classification for Cmda Layout Nennaikarai is Residential Special Type - V.

Where is the Sub Registrar Office located for this area?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.