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Guideline Value

Corporate

Guideline Value for CMDA NAGAR G.S.T. ROAD (WARD -3)

₹2200/sq.ft.

The guideline value for Cmda Nagar G.s.t. Road (ward -3) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Cmda Nagar G.s.t. Road (ward -3)

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Cmda Nagar G.S.T. Road (Ward -3) guideline value

The current guideline value of Cmda Nagar G.S.T. Road (Ward -3) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Cmda Nagar G.S.T. Road (Ward -3) has changed

The guideline value for Cmda Nagar G.S.T. Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 reflects a modest increase of 10%. The 2023 to 2024 revision represents a 10% increase, indicating a steady rise in the guideline value in recent years.

Guideline values in Ninna Karai

Ninna Karai village consists of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Cmda Nagar G.S.T. Road above this median.

Stamp duty and registration fee for property in Cmda Nagar G.S.T. Road (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Cmda Nagar G.S.T. Road (Ward -3)?

The Sub Registrar Office that covers Cmda Nagar G.S.T. Road (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cmda Nagar G.S.T. Road (Ward -3)?

The current guideline value of Cmda Nagar G.S.T. Road (Ward -3) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the stamp duty for property in Cmda Nagar G.S.T. Road (Ward -3)?

The stamp duty for property in Cmda Nagar G.S.T. Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

What are the other streets in Ninna Karai with guideline values?

Other streets in Ninna Karai include Cmda Layout Nennaikarai, Chozhan Street, Chitra Nagar, Cs Nh1, Cheran Street, and Chelliyamman Kovil Street, each with their respective guideline values for 2024.