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

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 Panangottur village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

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

The guideline value has undergone several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The latest change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value from 2012 to 2024 has risen by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Cmda Nagar G.S.T. Road (Ward -3) above this median.

• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 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)
• Chelliyamman Kovil Street(Kr): Rs 660 per sq.ft (2024)

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, leading to a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during property registration in Panangottur. It determines the minimum value at which a property can be registered, ensuring transparency and fairness in real estate transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs incurred during the transaction process. Buyers should be aware of these values to budget accordingly.

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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Cmda Nagar G.S.T. Road (Ward -3)?

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

What is the land classification for Cmda Nagar G.S.T. Road (Ward -3)?

The land classification for Cmda Nagar G.S.T. Road (Ward -3) is Residential Special Type - I.